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President of the Dallas Fed - US Economy Grim


Wednesday, April 8th, 2009

Richard Fisher, the president of the Dallas Fed, said on Wednesday. (April 09)

"Monetary policy accommodative techniques are necessary but insufficient to the task," Fisher told a symposium hosted by a private think tank in Tokyo.

"The trick to fiscal policy is to provide the spark, to provide the right incentives, get the small and medium-sized firms create jobs again, create dynamism in the economy without planting the seeds of inflation."