Punchbowl didn't need re-spiking: Fed's Fisher

Using a barrel of alcohol-related comparisons, Richard Fisher, the president of the Dallas Federal Reserve, explained why he was the only member of the Federal Open Market Committee not to back the recent 50 basis point cut.

Referring to the famous remark by William McChesney Martin, a former governor of the Federal Reserve, that the job of a good central banker is to take away the punchbowl just as the party gets going, Fisher said: "My dissenting vote last week was simply a difference of op

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