I believe those asshats in Congress and the White House just got told by Dallas Fed President Richard Fisher:
The Fed is not the end-all for curing every economic pathology. [W]e are not the only authority in the pilot house. We play a crucial role in conditioning the economy, but we do not play the only role. Fiscal and regulatory authorities share significant responsibility for incentivizing economic behavior through taxes, spending and rulemaking.
Oh snap! Here comes the rebellion!
(remember this is the same guy who said the Fed wouldn't play handmaiden to the Treasury so don't get too excited, it's not like Bernanke said this)
No comments:
Post a Comment