Currencies can be part of FOMC debate: Fed’s Fisher

NEW YORK (BestGrowthStock) – Members of the Federal Reserve’s policy-setting committee might take movements in the currency markets into consideration, but this is just one factor among many, Dallas Fed President Richard Fisher said on Monday.

Asked in an interview with CNBC about whether currencies were an issue in the Federal Open Market Committee’s thinking, Fisher said all members brought their opinions to the table, adding: “Depending on the individual, this will be factor that might be mentioned.”

Fisher said unemployment numbers were key, and that the Fed also needed to carefully look at data on inflation and retail sales. The U.S. economy was near “stall-speed,” he said.

He said the Federal Reserve would take further action to help the economy if necessary, but that the central bank could not do it alone and needed the cooperation of the fiscal and regulator authorities. He pointed out that there was ample liquidity in the financial markets but that not all of it was being put to use.

Currencies can be part of FOMC debate: Fed’s Fisher