The future economy doesn’t bode well for most Americans, Federal Reserve Bank of Dallas President Richard Fisher suggested this week.
While speaking at the Dallas Estate Planning Council, Fisher blamed both political parties for failing to do their part and said the Fed has “begun to socialize the idea that there is no QE infinity,” the Wall Street Journal reported. The Fed bank chief said the central bank has not made a definitive decision on when QE tapering will actually begin.
The publication conveyed Fisher’s frustrations with Congress, releasing the following quote from the event:
Elected officials have “sold our children–and our grandchildren–down the river,” Mr. Fisher said. “We haven’t had a budget for five years; no one knows what their taxes are going to be; no one knows what spending is going to be.”
