Fed's Fisher: Fiscal Ball is in Congress's court
Fisher right on the money. He is the same guy that says that we are screwed because of unfunded liabilities, via Reuters:
Sounding a theme he has expanded on before, Fisher said businesses are holding back on investments because of uncertainty over the cost of future regulation, such as that mandated by U.S. healthcare reform, and over the country's fiscal direction and future taxes.
"For me, the ball is in the fiscal court for now," he said. "Any further action by the Fed must be subject to the kind of rigorous cost-benefit analysis that Ben Bernanke cited in Jackson Hole. One of the variables that must be taken into account is whether fiscal and regulatory policies are conducive to growth."