Not only wouldn’t further monetary policy accommodation help the economy, it would make the Federal Reserve complicit with the federal government’s “mischief,” Federal Reserve Bank of Dallas president Richard W. Fisher said Tuesday.

Accommodation would add to “the already-enormous uncertainty and angst that businesses face with our reckless fiscal policy,” which “would be the road to perdition” for the Fed, Fisher said in remarks at St. Andrews University, according to a text released by the Fed.

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