NEW YORK (TheStreet) -- Wall Street has an addiction to monetary easing, Dallas Federal Reserve Bank President Richard Fisher said in a speech Monday."Trillions of dollars are lying fallow, not being employed in the real economy," Fisher said in remarks to the Dallas Chamber of Commerce. "Yet financial market operators keep looking and hoping for more. "Why? I think it may be because they have become hooked on the monetary morphine we provided when we performed massive reconstructive surgery, rescuing the economy from the Financial Panic of 2008-09, and then kept the medication in the financial bloodstream to ensure recovery.
|Dallas Fed President Richard Fisher|