Inflation and Debt: The Interaction of Fiscal and Monetary Policy with Richard Fisher.
Fisher, President and CEO of the Federal Reserve Bank of Dallas, examines the twists and turns of a volatile economy.
Bio
Richard Fisher
Richard W. Fisher assumed the office of president and CEO of the Federal Reserve Bank of Dallas on April 4, 2005. In this role, Fisher serves as a member of the Federal Open Market Committee, the Federal Reserve’s principal monetary policymaking group. During 2008, and every third year following, Fisher is a voting member of that committee.
It is for sure that the prediction of the Federal Reserve about the United State's economy is not that good. The Federal Reserve has predicted that unemployment is going to keep rising, as much as up to 10%. They also predict the economy won't re-stabilize until next year at the earliest, even with stimulus packages making payday loans to the nation. The range of predictions is going all over the map, from full-on Depression to an early end by 3rd quarter of 2009. One thing is for sure – we all might need some <a href="http://personalmoneystore.com/moneyblog/2009/02/18/fed-predicts-recession-will-deepen-more-payday-loans-for-us/">payday loans</a> before this thing is through.