Fed’s Fisher Says Companies Want to Raise Prices, WSJ Reports
Federal Reserve Bank of Dallas President Richard W. Fisher said each of the roughly 50 business executives he speaks with on a regular basis is looking to price goods or services “more aggressively” as costs rise, according to the Wall Street Journal.
“That concerns me,” he said in an interview with the newspaper today in Frankfurt. “You’re beginning to hear numbers in the 3 percent-plus level.”
The regional bank chief said he personally surveys about 50 businesses, more than most of his colleagues at the Fed, and that the position on prices is “without exception, in every sector in every size, whether they’re public or private.”
“We have to use a term that the great hockey player Wayne Gretzky used: we have to skate ahead of the puck,” Fisher said.
To contact the reporter on this story: Vivien Lou Chen in San Francisco at vchen1@bloomberg.net
To contact the editor responsible for this story: Christopher Wellisz cwellisz@bloomberg.net
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