http://www.dallasfed.org/news/speeches/fisher/index.cfm Speeches by Richard W. Fisher, President and CEO of the Federal Reserve Bank of Dallas http://www.dallasfed.org/images/rss-logo.gif http://www.dallasfed.org/ Thurs, Feb 2, 2012 18:15 CST http://www.dallasfed.org/news/speeches/fisher/2012/fs120202.cfm http://www.dallasfed.org/news/speeches/fisher/2012/fs120202.cfm "Explicitly acknowledging that monetary policy’s impact on employment is transitory and uncertain is a cardinal event. It signals to the markets that there are limits to the ultimate job-stoking efficacy of Federal Reserve policy. To the extent that inflation is running below 2 percent, the Federal Reserve may have somewhat greater latitude to pursue accommodation. However, the past few years have demonstrated, yet again, that allowing inflation to rise by no means guarantees faster job growth." Tues, Nov. 15, 2011 11:30 CST http://www.dallasfed.org/news/speeches/fisher/2011/fs111115.cfm http://www.dallasfed.org/news/speeches/fisher/2011/fs111115.cfm "I shall speak of the difficulty of treating [too big to fail] in a culture held hostage by concerns for 'contagion,' 'systemic risk' and 'unique solutions.' I will posit that preoccupation with these concerns leads to an ethic that coddles survival of the fattest rather than promoting survival of the fittest, to the detriment of social welfare and economic efficiency." Tues, Nov. 2, 2011 19:00 CDT http://www.dallasfed.org/news/speeches/fisher/2011/fs111102.cfm http://www.dallasfed.org/news/speeches/fisher/2011/fs111102.cfm "As Bastiat wrote in the aftermath of the French Revolution of 1848, we are at risk of becoming a nation where 'the state is responsible for providing a living for everyone.' The reality is that even if this were desirable, which it is not, pliant fiscal authorities—Republican and Democrat—who have led us down this road for decades find themselves in a financial cul de sac; they have run out of enabling money." Fri, Oct 21, 2011 12:00 CDT http://www.dallasfed.org/news/speeches/fisher/2011/fs111021.cfm http://www.dallasfed.org/news/speeches/fisher/2011/fs111021.cfm if our fiscal authorities will remove their stranglehold on clarifying fiscal initiatives. If not, then, in my view, I expect job creators will remain in a defensive crouch and all bets are off."]]> Fri, Oct 7, 2011 8:30 CDT http://www.dallasfed.org/news/speeches/fisher/2011/fs111007.cfm http://www.dallasfed.org/news/speeches/fisher/2011/fs111007.cfm "We have filled the gas tanks of the economy with affordable liquidity. What is needed now is for employers to confidently step on the pedal and engage the transmission that will use that fuel to move the great job-creating machine of America forward." Thurs, Oct 6, 2011 17:40 CDT http://www.dallasfed.org/news/speeches/fisher/2011/fs111006.cfm http://www.dallasfed.org/news/speeches/fisher/2011/fs111006.cfm "We must not lose track of this simple, unalterable, indisputable, critical fact: We have done well so far; our economy is mighty. But to stay ahead of the curve and compete in tomorrow's global marketplace, Texas must better educate its population." Tues, Sept 27, 2011 12:20 CDT http://www.dallasfed.org/news/speeches/fisher/2011/fs110927.cfm http://www.dallasfed.org/news/speeches/fisher/2011/fs110927.cfm "Monetary policy cannot solve the problem of substandard economic performance unless it is complemented by fiscal policy and regulatory reform that encourages the private sector to put to work the affordable and abundant liquidity we are able to create as the nation's monetary authority." Mon, Sept 12, 2011 15:00 CDT http://www.dallasfed.org/news/speeches/fisher/2011/fs110912.cfm http://www.dallasfed.org/news/speeches/fisher/2011/fs110912.cfm "It is incumbent on the Fed and other bank regulators to reduce the regulatory burdens that are inhibiting―indeed, overwhelming―community bankers whose business it is to lend to creditworthy small businesses." Wed, Aug 17, 2011 12:20 CDT http://www.dallasfed.org/news/speeches/fisher/2011/fs110817.cfm http://www.dallasfed.org/news/speeches/fisher/2011/fs110817.cfm "I have spoken to this many times in public. Those with the capacity to hire American workers... are immobilized. Not because they lack entrepreneurial zeal or do not wish to grow; not because they can't access cheap and available credit. Rather, they simply cannot budget or manage for the uncertainty of fiscal and regulatory policy." Thurs, June 16, 2011 15:45 CDT http://www.dallasfed.org/news/speeches/fisher/2011/fs110616.cfm http://www.dallasfed.org/news/speeches/fisher/2011/fs110616.cfm "In Texas, as anywhere else in the United States and in all capitalist societies, "you earn what you learn. Every study known to man, and plain common sense, tells you that income is directly correlated to educational attainment." Mon, June 6, 2011 16:30 CDT http://www.dallasfed.org/news/speeches/fisher/2011/fs110606.cfm http://www.dallasfed.org/news/speeches/fisher/2011/fs110606.cfm "Postcrisis, the large institutions are even larger: The top 10 now account for 64 percent of assets, up from 58 percent before the crisis and substantially higher than the 25 percent they accounted for in 1990. In effect, more prudent and better-managed banks have been denied the market share that would have been theirs if mismanaged big banks had been allowed to go out of business."