Richard Fisher, Dallas Fed President on QE2 and double dip
Vodpod videos no longer available.Fisher makes it quite clear the Fed has done all they can do (and I would argue more than they should have) and that the reason private investment is not picking up the ball is UNCERTAINTY CREATED BY THE POLITICAL PROCESS, ie CONGRESS and OBAMA. If they would just STOP we could all move forward. I think people are STILL deluding themselves into thinking Obama will stop the coming end of the Bush tax cuts. He won’t. They will expire and we will double dip in ’11.