Politics & Policies

US / FED / Dallas Fed President, Richard Fisher, says Fed might set a target for unemployment

Dallas Fed President Richard Fisher, a top Federal Reserve official, said on Tuesday that his main concern now was unemployment, not inflation.

He said another option the Fed might consider to signal its aims to markets was a target for unemployment, although this would be difficult because monetary policy alone was not responsible for creating jobs. Fiscal policy was also key.

Fisher kicked off his speech at a conference in Berlin with a reference to German policies in the 1920s that led to hyperinflation, saying that while inflation was not his main concern now, unlimited quantitative easing was risky…

Choosen excerpts by Job Market Monitor from

via Policymaker Fisher says Fed should limit asset buys | Reuters.

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