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
18 Dec
VELO
Gennemgang og analyse af Veloxis' søgsmålJeg har brugt min aften på at "hygge" mig med Veloxis netop..
67
20 Dec
 
Det er meget velbeskrevet i talrige bøger og artikler, at tilstandene i store dele af verden udenfor..
49
18 Dec
VWS
Normal 0 21 false false false DA X-NONE X-NONE ..
30
18 Dec
GEN
Med FDA´s godkendelse af Amgens (Micromet) godkendelse af Blincyto (blinatumomab), fik vi for alvor ..
27
18 Dec
PNDORA
Nu har jeg købt og solgt aktier i 8 år og var os her på debatten for 4-5 år siden men har glemt mit ..
24
18 Dec
 
  Jeg er gratist, jeg læser med på EI uden at skrive. Det er sjældent, man kan få gratis lunch; men ..
13
21 Dec
MY
Det er jo en ejendommelig debat, der er kommet ud af det spørgsmål. Der er jo ingen, der nogensinde ..
11
15 Dec
GEN
Genmab har afholdt bestyrelsesmøde og valgt at give bestyrelse, direktion og ledende medarbejdere op..
11
20 Dec
VWS
Det er nemt at lave en hurtig statistik over perioden fra medio December til medio Januar, på basis ..
10
20 Dec
VWS
Kære Mena: Her definationen af et JV: http://da.wikipedia.org/wiki/Joint_venture   "Parterne er også..
10

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
EAM Solar ASA : Minutes from EGM 19 December 2014
2
Delta Lloyd requests court ruling on DNB measures
3
Soitec updates its 2015 and 2016 financial guidance
4
TiGenix submits its pivotal US trial design for Cx601 to the FDA for Special Protocol Assessment
5
Lundbeck to research link between immune system and brain diseases

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.
 
22 December 2014 10:32:03
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20141219.2 - EUROWEB5 - 2014-12-22 11:32:03 - 2014-12-22 10:32:03 - 1000 - Website: OKAY