Thursday, May 21, 2009

Quote of the day...

“We need to draw a bright line once again between monetary policy and fiscal policy. The recent crisis has muddied that separation considerably and we must restore it. The Fed must not be seen by the public or the Congress as a piggy bank that can substitute for difficult fiscal policy decisions.”

-Federal Reserve Bank of Philadelphia President Charles Plosser.

Source

No comments:

Post a Comment

Please read the guidelines in the sidebar before commenting.