WASHINGTON — Businesses of all shapes and sizes, including manufacturers, have been "given a great gift" from the U.S. central bank, Dallas Federal Reserve Bank President Richard Fisher said Thursday, referring to the "abundant, super-cheap monetary fuel needed to stoke up their production engines and expand their businesses."

"Every manufacturer of goods in America has been given a great gift by your central bank - the lowest cost of money in 237 years, an extension of the roaring bond market rally that has now run 32 years, and a broad stock market rally that began in March of 2009 and has gone on to bust through all previous record highs," Fisher said in a speech prepared for the U.S. Manufacturing Summit in Orlando, Fla.

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