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Richard Fisher: Fed Won't Catch Markets If US Falls Off "Cliff"

Donald103 Wrote: Nov 18, 2012 6:40 PM
Has monetary policy ever been able do compensate for bad fiscal policy? Monetizing the debt just leads to inflation and how has that ever worked out well. Penalize the industrious and prudent and reward the spenders and the improvident. Is that the right way to promote good behavior?

In an interview with Larry Kudlow, Richard Fisher, president of the Dallas Federal Reserve Bank says that there is a limit to what the Fed cam do to stimulate the economy is face of fiscal irresponsibity.   

Lawrence Kudlow is the host of CNBC’s primetime “The Kudlow Report” (7pm to 8pm ET). He is also the host of The Larry Kudlow Show, which broadcasts on Saturdays from 10am to 1pm ET on WABC Radio and is syndicated nationally by Cumulus Media. He is also a nationally syndicated columnist and a former Reagan economic advisor. CNBC's The Kudlow Report also airs on Sirius (ch.129) and XM...

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