Fed's Fisher says economy in a sweet spot

Federal Reserve Bank of Dallas President Richard Fisher said on Wednesday 20 April that the U.S. economy can cope with a housing slowdown and that the effect of oil prices on inflation had been manageable.

"We still feel that other factors are propelling the economy and that we can weather this sell-off in certain areas of house prices, because there are other factors in our economy that are strong," he told reporters after delivering a speech at the Central Bank of Argentina.

Asked about U.S.

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