Richard W. Fisher, President of the Federal Reserve Bank of Dallas, delivers a clear and concise warning about the dangers of government entitlement spending and the long term health of the economy.
Even the perception that the Fed is pursuing a cheap-money strategy to accommodate fiscal burdens, should it take root, is a paramount risk to the long-term welfare of the U.S. economy. The Federal Reserve will never let this happen. It is not an option. Ever. Period.
I sure hope so but it doesn’t look that way to me.