“Full throttle Fed” can’t overcome fiscal drag of Congress

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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