Dallas Fed Head Richard Fisher Tells Japan: "The Data from the United States are Grim."
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| Dallas Fed president Richard Fisher |
This expansion of our balance sheet has given rise to concerns that we may be:
- Planting the seeds of future inflation;
- Setting the stage for a demise of the dollar; and
- Placing the cherished independence of the Federal Reserve at risk.
I understand these concerns. And I have actively and loudly argued during deliberations of the FOMC that these risks represent a real and present danger. But I am here to tell you that I am not alone.
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