Richard Fisher, ex of the Federal Reserve in Dallas, speaking on CNBC:
- Markets today were quite orderly
- The Federal Reserve won't react to one day's action
- Says Larry Summers is wrong
(I posted on Summers comments waaaaaay back on Monday morning in Asia .... it feels so long ago! Summers says the if Fed raises rates this year it will threaten all its major objectives)
More:
- Says real economy is quite good .... employment, housing, auto numbers good
Probably not the sort of Orderly Fisher has in mind. But who knows?
