Dallas Fed chief says economy's problems are made in Washington

08/18/2011 | Hill, The

Richard Fisher, president of the Federal Reserve Bank of Dallas, said he objects to Federal Reserve action to bolster the economy when its main problems are created by Washington. The economic slowdown is in large part attributed to businesses' suspicions of the government and what it might do next, he said in a speech Wednesday. "There is palpable angst surrounding the cost of doing business," he said. "According to my business contacts, the opera buffa of the debt-ceiling negotiations compounded this uncertainty, leaving business decision-makers frozen in their tracks."

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Hill, The

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