Fisher Says Real Problem With Economy is CongressAugust 7, 2012 @ 9:22 AM EST
Fed Update: Fisher Says Economic Problems Due to Congress
Dallas Fed President Richard Fisher said in an interview with Reuters Tuesday that additional policy response measures from the Fed so close to a presidential election would be a mistake.
Fisher, who is not a voting member of the FOMC this year and a noted inflation hawk, added that the real problem with both the economy and the high unemployment rate has not been monetary policy, but Congress's lack of action with regards to fiscal policy.
Note that Fisher has been an outspoken critic of any additional policy responses.
How does this report affect our short-term trading strategy? Take a Free Trial of the All-NEW Daily Decision (the new “adaptive” system is now more active and more sensitive to trend changes) to find out. Even if you've taken a free trial of the Daily Decision in the past, you owe it to yourself to check out the new system.
To learn more about our NEW “Adaptive” Daily Decision System (a 100% rules-based system designed to guide your market moves) Download our Special Report on the New "Adaptive" Daily Decision System
S&P 500 - Last 12 Month
Remember, you are in control your email alerts! You can receive alerts for more than 25 free research report alerts including: The “10.0” Report, The Insiders Report, ETF Leaders Report, and The Focus List.