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.
Richard W. Fisher is president and CEO of the Federal Reserve Bank of Dallas, a post he’s held since 2005, and chairman of the Conference of Federal Reserve Bank Presidents. Fisher has served on numerous corporate and charitable boards, is a fellow of the American Academy of Arts and Sciences, an overseer of Harvard University, and an honorary fellow of Hertford College, Oxford University. He received the Service to Democracy Award and Dwight D. Eisenhower Medal for Public Service from the American Assembly. Fisher is also a member of the Dallas Business Hall of Fame. Fisher is former vice chairman of Kissinger McLarty Associates, a strategic advisory firm chaired by former secretary of state Henry Kissinger.
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.