Fed's Fisher: Fed Can't 'Endlessly' Buy Government, Agency Bonds

From efxnews.com

Don't look to the Federal Reserve to save the U.S. economy from fiscal "misfeasance," Dallas Federal Reserve Bank President Richard Fisher said Thursday. Fisher, who is not a voting member of the Fed's policymaking Federal Open Market Committee this year, said "our Congress -- past and present -- has behaved disgracefully in discharging its fiscal duty." "The jig is up," he said. "Our fiscal authorities have mortgaged the material assets of our grandchildren to the nth degree. We are at risk of losing our political heritage of reaching across the aisle to work ... (full story)