Fed can’t offset drag of stagnant fiscal policy. Dallas Federal Reserve President Richard Fisher discusses how the government shutdown will impact the central bank’s tapering plan. Here is a direct video link.
Note how cognizant he is of what the S&P 500 is doing, apparently “price stability” in the Fed mandate has morphed into “stock market stability” in the past 2 years. Best wishes holding that manic tiger by the tail. Apparently they have convinced themselves that they can…
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