Fisher urges Fed to avoid "trigger-happy" cuts

Having an itchy trigger finger with monetary policy risks shooting everyone in the foot, said Richard Fisher, the president of the Dallas Federal Reserve.

Speaking on Thursday, Fisher, a voting member of the Federal Open Market Committee (FOMC), said: "In discharging our dual mandate, we must be mindful that short-term fixes often lead to long-term problems. The Fed occupies a unique place in the pantheon of government institutions. It was deliberately designed to be calm and steady

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