Also:

  • Says the resolution of the debt debate is up to elected officials
  • Says he can’t support Fed tapering of QE purchases amid the debt ceiling debacle debate
  • Cannot count on central bank to solve fiscal chaos
  • Says damage has been done to US credibility on debate
  • Says he doesn’t expect a great deal of change with Yellen in the top job at the Fed

Dalls Fed president Richard Fisher speaking in a CNBC interview.

Fisher spoke earlier, too: Fed better prepared for possible US default than in 2011