Rob Curran at WSJ reports on a speech by Dallas Fed President Richard Fisher:
Speaking at a luncheon hosted by financial-industry trade group the Dallas Estate Planning Council at the Dallas Country Club, Mr. Fisher said the central bank has done all it can to stimulate the U.S. economy. He said members of Congress–both Republicans and Democrats–have failed to do their part. Elected officials have “sold our children–and our grandchildren–down the river,” Mr. Fisher said. “We haven’t had a budget for five years; no one knows what their taxes are going to be; no one knows what spending is going to be.”
The Dallas Fed president has long maintained that the missing ingredient in the economic recovery is a sound fiscal policy.
via Fed’s Fisher Slams Congress Over Fiscal Policy – Real Time Economics – WSJ.