The Fed has done its job, and until “fiscal and regulatory authorities” do theirs, monetary accommodation will continue, Federal Reserve Bank of Dallas president and chief executive Richard W. Fisher said Wednesday.

“Ultimately, the key to harnessing the monetary accommodation that has been provided by the Fed lies in the hands of our fiscal and regulatory authorities, the Congress working with the executive branch,” Fisher told the Texas Manufacturers Summit, according to prepared text of his speech, which the Fed released.

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