WASHINGTON — The Fed's aggressive buying of bonds to ease monetary conditions and tackle the nation's jobs crisis is "necessary but insufficient" so long as lawmakers fail to erase the fiscal uncertainty that is keeping employers on the sidelines, Dallas Federal Reserve Bank President Richard Fisher warned Tuesday.

In excerpts provided by the Dallas Fed from a speech to the Chamber of Commerce in Gainsville, Texas, Fisher reiterated his long-held belief that there is more than enough cash in businesses' coffers but the cloudy fiscal outlook has them hesitant to green light expansion plans.

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