Fed cannot bear full burden of job creation: Fisher, Plosser

fisher

Two regional Federal Reserve presidents waded into the argument over the central bank's responsibility for job creation, stressing loose monetary policy's limitations in reducing unemployment.

Richard Fisher, the president of the Dallas Fed, told business leaders in Houston, Texas, on Wednesday that as far as job creation was concerned, the "ball [was] in the fiscal court for now." More balance sheet expansion, through asset purchases, would not in itself create jobs, he said. "Personally, I wou

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