Richard Fisher
Richard Fisher
definitive fourth revised surprised
I would not be surprised if GDP were revised upward when we take a more definitive look at the fourth quarter.
claim closed continue gives japan lie market serious symbols unless
These are the symbols of the old Japan which was closed to outsiders, ... They will continue to be serious irritants. ... Unless Japan solves these problems, it gives a lie to the claim that Japan is being market driven.
deal great inability stuck water
really a great deal of intolerance for their being stuck in the water and their inability to change.
bring forward help increase move taxes
I think if we want to move forward we have to increase the taxes to help bring back downtown.
carefully duty pressures vigilant watch
We have to watch things very carefully here because there are inflationary pressures and ... (the Fed's) duty is to be especially vigilant on that front,
easy talk
Bryce is not an easy person to talk to after they lose.
talk
Bryce and I don't talk football. When I was a cop, I didn't want to talk cop-shop. It's the same thing; he don't want to talk football.
account additional business created money plain risky unit
Business is risky enough without the additional uncertainty created when a nation's unit of account -- in plain language, its money -- is undermined,
direction shows
shows little inclination to go in the other direction.
china cold largest midst military perhaps since witnessed
China is in the midst of perhaps the largest military buildup the world has witnessed since the end of the Cold War.
confident containing continue dangers elsewhere fed fully might note spoken
I have spoken elsewhere of the dangers of inflation, were it to take root. Here the Fed watchers who read entrails might take note -- I am fully confident that the Fed will continue to do its part by containing inflationary expectations and pressures.
doubt economic favorable fed independence interest led political rates
Without its independence from political interference, I doubt the Fed could have so successfully set the interest rates that have led to today's favorable economic circumstances.
anecdotal clearly data evidence listen pressure watch
We'll have to watch the data and listen to the anecdotal evidence very carefully. But clearly there is some pressure there and now we'll have to see how it manifests itself.
becomes conditions countries create deep domestic economy equally excess fail global growing rein savings sink spending states suddenly trade united virtuous
Those urging the United States to rein in its spending should be equally full-throated in prodding countries with excess savings and trade surpluses to create conditions for growing their domestic demand. If they fail to do so, and the U.S. suddenly becomes virtuous on its own, the global economy would sink into a deep funk.