Fisher's back in the headlines! Not as the lone dissenter - Lacker's taking that trophy for the time being - but in the Fed's campaign against a Congressional crack addiction. From Economy Watch: If it ever crossed your mind: "I wonder what Dallas Federal Reserve President Richard Fisher thinks about protectionism," then wonder no longer.
"Protectionism is the crack cocaine of economics," Fisher said on C-Span this morning.
"It provides an immediate high that leads to economic death. We cannot afford to go down that route," said Fisher, one of 12 Fed district bank presidents, all of whom are under Fed Reserve Chairman Ben Bernanke. Rebecca Wilder