Wed, 28 May 2008
[Part 1 of the full 35 minute speech and 25 minute Q&A session]
Richard Fisher, President and CEO of the Federal Reserve Bank of Dallas, speaks at The Commonwealth Club of California about the nation's immense fiscal challenges as well as the threat of severe inflation due to monetization of the nation's debt by the Federal Reserve.
* Note that Fisher dissented multiple times with the rest of board of the Federal Reserve regarding their interest rate cuts in 2008.
this man can KILL with boredom
davfritz 2 years ago
ẞ
kalium456 2 years ago
The FED's job is to push toothpaste backinto the toothpaste tube.
Think of the housing boom: why do you think increased interest rates did not cut funding? Because it was highly profitable at that time. Banks most certainly squeezed credit in other sectors of the economy -- those sectors who already had problems enough to cope with.....
This is the same argument why there is no possibility for inflation in a broad recession.
kalium456 2 years ago
Good stuff. Thanks for posting.
largo2001 2 years ago