Dallas Fed Warns Against 'Ultra Easy' Money
Federal Reserve Chairman Ben Bernanke, slated to speak Aug. 31 at the annual monetary policy conference in Jackson Hole, Wyo., is under pressure from the hawkish flank of the Fed not to make monetary conditions even easier. A new report from the Federal Reserve Bank of Dallas—whose president, Richard Fisher, is reliably hawkish—warns that “there are limits to what central banks can do.”
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