- Prison Planet.com - http://www.prisonplanet.com -

Federal Reserve official Richard Fisher criticises US stimulus program, handling of economy

Posted By admin On November 4, 2013 @ 11:03 am In Money Watch | Comments Disabled

bayoubuzz.com [1]
November 4, 2013

A top American bank official has used a rare speech in Sydney to give a damning assessment of the US government’s massive stimulus program.

Federal Reserve of Dallas president Richard Fisher has called for an end to the program of quantitative easing, or printing money.

He warned if that does not happen, it would fuel the kind of reckless market behaviour which started the global financial crisis.

The room was packed with leading economists and market operators hoping for an answer to the key question worrying global markets: when will the Fed start trimming back its stimulus program? “At some point, and this is a collective decision made by the committee, we are going to have to slow down that process,” Mr Fisher said.

Full article here [1]


Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/federal-reserve-official-richard-fisher-criticises-us-stimulus-program-handling-of-economy.html

URLs in this post:

[1] bayoubuzz.com: http://www.bayoubuzz.com/politics/us-politics/item/547119-federal-reserve-official-richard-fisher-criticises-us-stimul

[2] The Dallas Federal Reserve Bank President, Former Treasury Secretary, Head of the Congressional Budget Office and Leading Economists All Slam Bailout: http://www.prisonplanet.com/the-dallas-federal-reserve-bank-president-former-treasury-secretary-head-of-the-congressional-budget-office-and-leading-economists-all-slam-bailout.html

[3] Is The Federal Reserve Out Of Control? Markets Across The Globe Brace For Impact As The Federal Reserve Powers Up The Printing Presses: http://www.prisonplanet.com/is-the-federal-reserve-out-of-control-markets-across-the-globe-brace-for-impact-as-the-federal-reserve-powers-up-the-printing-presses.html

[4] Record Low Mortgage Rates, A Record Low Federal Funds Rate And Obscene Economic Stimulus Spending Have All Failed – Will Nothing Stimulate This Dead Horse Of An Economy?: http://www.prisonplanet.com/record-low-mortgage-rates-a-record-low-federal-funds-rate-and-obscene-economic-stimulus-spending-have-all-failed-%e2%80%93-will-nothing-stimulate-this-dead-horse-of-an-economy.html

[5] Richard Belzer calls out the Federal Reserve on HBO: http://www.prisonplanet.com/richard-belzer-calls-out-the-federal-reserve-on-hbo.html

[6] China May Face ‘Massive’ Bank Bailouts After Stimulus Program: http://www.prisonplanet.com/china-may-face-%e2%80%98massive%e2%80%99-bank-bailouts-after-stimulus-program.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.