Those urging the United States to rein in its spending should be equally full-throated in prodding countries with excess savings and trade surpluses to create conditions for growing their domestic demand. If they fail to do so, and the U.S. suddenly becomes virtuous on its own, the global economy would sink into a deep funk.
More Quotes from Richard Fisher:
I think the actions taken by the (rate-setting) Federal Open Market Committee have been the appropriate actions. And I assume we will continue to take the appropriate actions, depending on what is happening with the data and the dynamics of the economy,Richard Fisher
I will not waver from advocating policy that discourages expectations of higher core inflation. The object will always be to keep inflation at bay, so that the American business machine can keep on humming.
Richard Fisher
We have to watch things very carefully here because there are inflationary pressures and ... (the Fed's) duty is to be especially vigilant on that front,
Richard Fisher
In the U. K., Australia and the Netherlands, a deceleration of housing prices hit consumption hard. As a result, many a jaundiced eye is being cast on the U. S.
Richard Fisher
But the various Fed governors seem to be calculating them using numbers, which suggest inflation. Bert Dohmen brought this quote from Fed Governor Richard Fisher of Dallas to my attention, We cannot let the equivalent of sclerosis block the arteries and disrupt the workings ... Nor can we let the inflation virus infect the blood supply and poison the system.
Richard Fisher
As a community, we're going to try to reach out and support the family as much as we can,
Richard Fisher
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