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

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.”

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