Dallas Fed’s Fisher Not Supportive of Quantitative Easing

Federal Reserve Bank of Dallas President Richard Fisher said he’s not supportive of another round of quantitative easing. He also said Congress remains the biggest risk to the U.S. economy.

“No amount of monetary accommodation will make up for this problem of not dealing with this fiscal cliff,” Fisher said in an interview from Los Angeles played today on BNN Television in Canada.

He said Europe’s fiscal and economic issues are a lesson for the U.S.

“Monetary policy alone cannot solve problems without proper fiscal policy,” Fisher said. “If we let it go too far as the Greeks obviously did, we’ll end up with riots in the streets in the United States.”

To contact the reporter on this story: David Scanlan in Toronto at dscanlan@bloomberg.net

To contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.net

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