Fed’s Fisher on the Wire
The Dallas Fed President Fisher had the following comments sduring a speech in Austin, Texas, to which the market had a muted reaction:
- Bank credit revival to takeĀ “considerable time.’
- ‘Sources of strength’ to wane heading into 2010.
- US may undergo a comparatively weak recovery.
- ‘Significant job growth’ may take ‘some time.’
- Inflation will probably be ‘subdued for some time.’
- Deflation a ‘more immediate’ issue than inflation.
- Fed determined to be independent and not monetize debt.
- During the crisis ‘everyone rushed into dollars.’
- Rather orderly depreciation of the USD now.




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