Fed’s Fisher: Without more demand, monetary stimulus won’t work

Dallas Fed President Richard Fisher has a message for Congress: “They have to do their part; we’ve done ours.”

“If you want the bottom line: what we do is necessary but not sufficient,” he says. “Unless you have right fiscal and regulatory policy, and of course demand, all the amount of monetary policy in the world isn’t going to do the trick.”

Here is the direct link.

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