07/03/2013 03:01:00

Fed's Fisher Blasts Both Political Parties for Slow Economy

By Bob Sechler

SAN ANTONIO -(Dow Jones)- Federal Reserve Bank of Dallas President Richard Fisher on Wednesday blamed both political parties for a "horrid" political climate in Washington and said monetary policy alone can't drive the economy.

"We provided the fuel for economic recovery," Mr. Fisher said of the Central Bank, describing the Fed's stimulus as "very high-octane, dirt-cheap gasoline."

But he said politicians in Washington haven't done their part by putting policies in place that spur the private sector "to take the cheap fuel that we have provided and step on the accelerator."

He made the comments during a speech at an event here to honor Dick Evans, chairman and chief executive of Cullen/Frost Bankers Inc.

Write to Bob Sechler at bob.sechler@dowjones.com

(END) Dow Jones Newswires

March 06, 2013 22:01 ET (03:01 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
20 May
 
Kære Moderator og EI   Det vidner lidt om overvågningen af sitet når en gruppe Nordkoreanern kan få ..
41
19 May
OMXC20CAP
I mit indlæg fra den 20 April : http://www.euroinvestor.dk/debat/post-59413-372203-3659768/rusland-h..
35
24 May
NOVO-B
Ved godt der er en lang Novo tråd lige nedenfor, men synes Elliot fortjener en selvstændig tråd som ..
26
09:44
 
Jeg har igennem lang tid brugt dette forum til at få gode ideer, selvfølgelig med forbehold for de f..
24
20 May
FING-B
Kære Swiftnick,   Jeg har sagt det tidligere, men jeg gentager gerne budskabet. Sä lyt godt efter! D..
24
22 May
ZEAL
Hvorfor der sker et frasalg har jeg ingen klar ide omkring men der har været en fransk forbindelse s..
20
24 May
ZEAL
Jeg har nærlæst af briefing dokumentet igår aftes, og stiller mig noget undrende overfor nogle af de..
19
25 May
FING-B
Rigtigt mægler - og helt ubegribeligt at derivatmarkedet med dets mange spekulationsformer er tillad..
17
19 May
OMXC20CAP
Sorry hap - du er en af dem jeg sjælendt bruger tid på at læse. Dine indlæg er såmen ok, jeg er sikk..
15
08:30
GS
Kan se at DONG nu værdisættes til mellem 83 og 106 milliarder. Så nu kan vi beregne prisen på Corydo..
14

Travis Perkins PLC : Result of AGM

25/05/2016 15:07:16
  At the Annual General Meeting of Travis Perkins plc ("The Company") held at Franklin's Gardens, Weed..

Alliance Trust PLC : Net Asset Value(s)

25/05/2016 13:50:51
ALLIANCE TRUST PLC At the close of business on Tuesday 24 May 2016, the unaudited net asset value per ordinary share of 2.5p, valued on a bid price bas..

Director/PDMR Shareholding

25/05/2016 10:39:04
The Weir Group PLC Notification of interests in shares by PDMR The Weir Group PLC (the Company) received notification on 24 May 2016 from John Heasley..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Sanofi: FDA Advisory Committee Recommends Approval of Sanofi Treatment for Adults with Type 2 Diabetes
2
Sanofi Files Consent Solicitation To Remove and Replace Medivation's Board
3
Camposol announces final results of its Exchange Offer and Settlement Date
4
New era for Internet of Things approaches as RoodMicrotec and Cascoda bring superior wireless connectivity to market
5
Euler Hermes Group shareholders meeting appoints Marita Kraemer, Ramon Fernandez to the Supervisory Board; Axel Theis succeeds Clement B. Booth as Supervisory Board Chairman

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2016   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
26 May 2016 09:38:51
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20160525.2 - EUROWEB2 - 2016-05-26 10:38:51 - 2016-05-26 09:38:51 - 1000 - Website: OKAY