The president and Congress need to enact fiscal policies to get the country moving again, according to Federal Reserve Bank of Dallas president Richard Fisher, who said the Fed “has done everything it can, and more.”

He assailed “indecision and political mischief” from “both ends of Pennsylvania Avenue.” Fisher declared: “If the American dream is to survive, we will need to re-create a fiscal and regulatory environment that in conjunction with the Fed conducting prudent monetary policy will liberate the forces of entrepreneurial risk taking that have always been America’s hallmark, and that allowed successor generations to live far better lives than their parents ever thought possible.”

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