On Tuesday, Federal Reserve Bank of Dallas President Richard Fisher made comments with regard to economic conditions and business activity.
An excerpt, as seen in the December 18 Wall Street Journal Real Time Economics post of December 18, titled “Fed’s Fisher: U.S. Companies Not Able to Perform” :
The central banker did not address the monetary policy outlook, but he did say that when it comes to Federal Reserve bond buying “quantitative easing is a necessary but insufficient tool to spark job creation.” He added, “employers will not deploy the cheap and abundant capital on hand toward job creation while there is so much uncertainty surrounding final demand for the goods and services they sell.”
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