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00:00Do you think we get more action from the Fed. Peter do you think the Fed has done . I don't. I don't think the Fed is done. I mean they've got I mean people like to say that one day they're going to be out of powder and the Fed can print up print a whole lot of dollars . There's not a lot of constraint if that's what we mean by powder . I think they've done a lot. And I think Chairman Powell has rightly tried to say to Congress you know this is really up to you. This is a matter for fiscal stimulus. I think that's part of the motive for the Fed to have done so much so quickly is to shift the focus to the fiscal authorities rightly so. And so I think the Fed is is in a holding pattern for a while while they see what that trend rate of growth is. And I'm afraid they've been warning us and the IMF has been warning us the trend rate of growth isn't going to be good. It's going to be the path is going to be lower and slower .

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Peter Fisher Says Fed in Holding Pattern, Not Done With Stimulus

Peter Fisher, Dartmouth College Tuck School of Business clinical professor and former BlackRock Inc. head of fixed-income portfolio management, says Federal Reserve Chairman Jerome Powell has rightly shifted focus to Congress and the need for fiscal stimulus. He speaks during an interview with Bloomberg's Guy Johnson and Alix Steel on "Bloomberg Markets." (Source: Bloomberg)

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