A Bridge to Fiscal Sanity

Some really good stuff from Richard Fisher at the Dallas Fed in a speech in San Antonio last week. On what he reported to the other members at the FOMC meeting (emphasis mine): The essence of what I reported to my colleagues when we met last week is that more things are moving in the .. read more

Rangers, Yankees and the FOMC

Dallas Fed President Fisher on QE: There is some valid theory behind this approach. Yet, my soundings among those who actually do the work of creating sustainable jobs and making productive capital investments?private businesses, big and small?indicate that few are willing to commit to expanding U.S. payrolls or to undertaking significant commitments to expand capital .. read more