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
27 Sep
OMXCPI
Hvad har virket? Hvad har jeg lært og forbedret? Og hvad har jeg lært (dyrt) at holde mig fra?   Eft..
51
01 Oct
VWS
  Den amerikanske støtteordning for vindenergi - PTC - er aktivt i politisk spil for øjeblikket og j..
21
25 Sep
YHOO
Nej jeg har nu lykønsket ham mange gange med hans performance. Det er for mig at se både flot og isæ..
16
25 Sep
VWS
Vestas kunde First Wind   http://renews.biz/76379/first-wind-reaches-new-heights/   First Wind vælge..
15
29 Sep
VELO
Jeg kan anbefale alle Veloxis-interesserede at kigge de ældre årsregnskaber igennem - naturligvis is..
14
27 Sep
VELO
Hej WWW   Her kommer lidt mere "nørd"tænkning, som vi ikke har drøftet før i Veloxisdebatten.   Den ..
14
26 Sep
VWS
Jeg synes det lyder som en meget passende beskyldning Mif kommer med, et eller andet er der sku galt..
13
30 Sep
BIOPOR
  Sidste uge deltog Bioporto vel i deres første sådan rigtig professionelle investor præsentation me..
12
30 Sep
FING-B
Frustrationen er nu ikke pga. selskabet, men mere pga. din og andres gentagne negative udmeldinger (..
12
26 Sep
VWS
Nu syntes jeg nok lige at den politisk korrekthed fra din side går lidt over stregen. Du plejer ikke..
12

Tech Companies Send Criticism Along With NSA-Related Data -- Update

04/02/2014 00:06:00
By Danny Yadron Technology companies including Google Inc. and Microsoft Corp. released new figures on the amount of data requests they received from U.S. ..

U.S. Hot Stocks: Hot Stocks to Watch

03/02/2014 14:07:00
Among the companies with shares expected to actively trade in Monday's session is Herbalife Ltd. (HLF). Herbalife Ltd. (HLF) raised its fourth-quarter outl..

Pfizer Study Meets Primary Endpoints

03/02/2014 13:05:00
Pfizer Inc. (PFE) said Monday that a Phase 2 trial of its advanced breast cancer treatment met its primary endpoint. Pfizer said a study comparing the effec..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
MURPHY OIL CORPORATION ANNOUNCES REGULAR DIVIDEND, OPERATIONS UPDATE AND EXECUTIVE MANAGEMENT SUCCESSION
2
Aéroports de Paris: €500 million new bond issue
3
Bombardier Wins New Operations and Maintenance Contract in New Jersey
4
O-I ANNOUNCES THIRD QUARTER 2014 EARNINGS CONFERENCE CALL AND WEBCAST
5
Kinnevik: Final price in Rocket Internet's IPO
Euroinvestor around the globe: Euroinvestor.dk | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014   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.
 
02 October 2014 13:26:00
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20141002.2 - EUROWEB6 - 2014-10-02 14:26:00 - 2014-10-02 13:26:00 - 1000 - Website: OKAY