Fed’s Fisher Says Need for More Policy Easing Unclear
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Federal Reserve Bank of Dallas President Richard Fisher cast doubt on the need for further monetary easing by the central bank, saying it’s unclear how effective it would be in spurring spending and creating jobs.
“While none of us are satisfied with the current pace of economic expansion and job creation, presently it is not clear that conditions warrant further crisis-like deployment of the Fed’s arsenal,” he said today in a speech in Vancouver.