Dallas' Fisher Delivered Hawkish Speech ahead of a Busy Week

Stock markets slipped in Asian session as Dallas' Fed President Richard Fisher criticized the government's management of the fiscal problems and indicated that the Fed should reduce its stimulus as soon as possible. Speaking at a conference of business economists in Sydney, the US economy is "hog-tied" by "ineffective" and "counter-productive" fiscal policies and "the inability of our government to get its act together has countered the pro-cyclical policy of the Federal Reserve".

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Dallas' Fisher Delivered Hawkish Speech ahead of a Busy Week