Federal Reserve Bank of Dallas president Richard Fisher said Monday that the Fed has provided sufficient liquidity.He said he would oppose extending or expanding monetary accommodation and would vote to halt the $600 billion asset-purchase quantitative-easing plan known as QE 2 that continues through June. However, he declared, further monetary accommodation will not help.

“It might well retard job creation, should it give rise to inflationary expectations or, worse, imply that, having suffered the slings and arrows of popular and political contempt as we went about doing what we did to save the financial system, we have now been compromised and become a pliant accomplice to Congress’ and the executive branch’s fiscal misfeasance,” Fisher said.

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