FRANKFURT — The Federal Reserve is at the limits of what it can do to stimulate the US economy, Dallas Federal Reserve President Richard Fisher said Thursday, arguing that only a long-term fix of the U.S. fiscal situation could restore confidence.

Speaking at Goethe University here, Fisher criticized his Fed colleagues for suggesting they have a lot more room to expand policy. "It serves no purpose" for Fed officials "to say we are nowhere near the limits of monetary easing," he said.

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