Fed’s Fisher Says U.S. Risks ‘Social Unrest’ Over Debt
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Federal Reserve Bank of Dallas President Richard Fisher said today that the U.S. risks “social unrest” if it doesn’t bring the federal debt under control.
“Our debt burden is larger than that of Europe. We are headed in the wrong direction,” Fisher told the Dallas/Fort Worth Minority Supplier Development Council. “If we don’t bring it under control, we will have social unrest.”