US monetary policy self absorbed - Dallas Fed
Monetary policy in the United States is too self absorbed, said Richard Fisher, the governor of the Federal Reserve Bank of Dallas in the first Annual Report of the central bank's Globalization and Monetary Policy Institute.
Fisher said that monetary policy in the United States gave too little weight to developments beyond its borders. He said that the past year showed the importance of the nature of trade and investment relationships which tied individual countries into a single global economy.
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