The U.S. Federal Reserve is committed to keeping the price of money low until the economic recovery strengthens, but should not do more to boost growth without fiscal and regulatory policies that support businesses, a top Fed official said on Wednesday. The Fed’s recent decision to keep its $2 trillion balance sheet steady was an effort to put a halt to any “passive tightening” that could impede recovery, Dallas Federal Reserve President Richard Fisher told a group of business leaders.
Fed’s Fisher says ball is in “fiscal court,” not Fed’s
Most Popular Articles
Latest Articles
Rocket Companies names chief accounting officer
Noah Edwards was promoted to the executive suite and succeeds Brian Brown
-
Opinion: What is the public actually getting for $7.3B in housing subsidies?
-
Newest commission lawsuit doesn’t seek class-action status
-
Indiana senator explains his inquiries into reverse mortgages
-
Guaranteed Rate appoints new branch manager in Atlanta
-
California mortgage relief program running low on funding