Fed's Fisher says U.S. "drowning in unemployment"

[ScienceRocks]

Fed's Fisher says U.S. "drowning in unemployment"
Reuters via Yahoo News ^ | September 28, 2012 | Chris Baltimore

RICHARDSON, Texas (Reuters) - The United States is "drowning in unemployment," its economy is running at stall speed and inflation is "not a problem," but easier monetary policy is not the answer, one of the Federal Reserve's most hawkish policymakers said on Friday.

"We've had a recovery that is quite disappointing," Dallas Fed President Richard Fisher told a group at the University of Texas at Dallas.

But without more certainty on tax policy and regulation, he said, "all the monetary accommodation in the world" will not get businesses hiring again.

Fed's Fisher says U.S. "drowning in unemployment" - Yahoo! News

4 more years of this shit and there might not be much of a economy left.

 

[EdwardBaiamonte]

Fed's Fisher says U.S. "drowning in unemployment"
Reuters via Yahoo News ^ | September 28, 2012 | Chris Baltimore

RICHARDSON, Texas (Reuters) - The United States is "drowning in unemployment," its economy is running at stall speed and inflation is "not a problem," but easier monetary policy is not the answer, one of the Federal Reserve's most hawkish policymakers said on Friday.

"We've had a recovery that is quite disappointing," Dallas Fed President Richard Fisher told a group at the University of Texas at Dallas.

But without more certainty on tax policy and regulation, he said, "all the monetary accommodation in the world" will not get businesses hiring again.

Fed's Fisher says U.S. "drowning in unemployment" - Yahoo! News

4 more years of this shit and there might not be much of a economy left.

hey, the liberals keep electing FDR through the Depression; so brace yourself, they'll do it again with Barry.

And, when it's over they will have fond memories: "he pulled us through it." Never mind that the liberals caused it in the first place!