Dallas Fed's Fisher on fiscal issues

In the speech 'Fiscal issues: From here to eternity' given on 16 April Richard Fisher of the Federal Reserve Bank of Dallas said if US fiscal policy gets 'out of whack' it will have implications for the Federal Reserve's policy and the dollar.

"Congress holds the power of the purse. But the Fed cannot be an indifferent bystander to the overall thrust of fiscal policy," Fisher said in the speech in Irving, Texas.

"Bad fiscal policy creates pressures for bad monetary policy. When fiscal policy gets

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