Everywhere Fisher looks, he sees uncertainty. He says the Fed’s decision not to taper raised uncertainty. He also says high fiscal policy uncertainty in recent years has significantly hindered economic growth.
Fisher rarely passes up an opportunity to rip on Congress so I’m looking forward to that later. Fed Governor Powell speaks at the bottom of the hour but it’s on community banking so it will probably be a dud.
Update: As expected, Powell’s comments are all on regulation of community banks.
