In an interview with Bloomberg’s Michael McKee, Stephanie Ruhle and Matthew Miller, Dallas Federal Reserve (Fed) President and CEO, Richard Fisher said:

  • FOMC statement made policy more state-contingent.
  • FOMC has ‘neutered’ the considerable period time term.
  • We’ve given the markets too much Ritalin.
  • We need to have a fiscal partner.
  • I’m uncomfortable when Congress tells us what to do.
  • If we wait until inflation shows up, it may be too late.
  • Waiting too long to raise rates could force a recession.

Dallas Fed President: We've Given Markets Too Much Ritalin