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Fisher Says Fed Could Cushion Against a U.S. Debt Default

Richard Fisher, president and chief executive officer of the Federal Reserve Bank of Dallas. Photographer: Patrick Fallon/Bloomberg
Richard Fisher, president and chief executive officer of the Federal Reserve Bank of Dallas. Photographer: Patrick Fallon/Bloomberg

Oct. 15 (Bloomberg) -- Federal Reserve Bank of Dallas President Richard Fisher said the central bank could reduce the turmoil from any U.S. debt default, which he said is unlikely.

“I’m very confident” in the ability of the Federal Reserve Bank of New York to “mitigate the chaos that might ensue should we default,” Fisher said today in a speech in New York. “I don’t think that’s going to happen.”

To contact the reporters on this story: Caroline Salas Gage in New York at +1-212-617-2314 or csalas1@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

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