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Fed?s Fisher on Reversing a ?Grim? Economy

By KELLY CURRAN

The Federal Reserve has assumed an “unaccustomed” role in “dramatically and proactively” restoring vibrance — largely through fiscal stimulus — into the “grim” U.S. economy said Federal Reserve Bank of Dallas President Richard Fisher in Japan Wednesday. But he said monetary policy alone won’t cure the ailing economy. “Monetary policy accommodative techniques are necessary but insufficient [...]

Full post as published by Housing Wire on April 08, 2009 (boomark / email).