Fed's Fisher: Obamacare Ruling Removes Some Uncertainty

Thursday, 28 Jun 2012 04:09 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The Supreme Court's decision Thursday to uphold President Barack Obama's signature healthcare overhaul removes some of the cloud of uncertainty that has been keeping businesses from hiring, a top Fed official said.

But the ruling has not eliminated that uncertainty, Dallas Federal Reserve Bank President Richard Fisher, known for his view that it is largely uncertainty over future taxes and healthcare costs that is keeping businesses from hiring, said in an interview on CNBC.

"It will depend so much what happens in the election," Fisher said.

Fisher, an inflation hawk, has been a staunch opponent of further Fed easing, saying the central bank has done enough to boost the economy and the onus is on lawmakers to provide fiscal clarity so businesses can plan hiring accordingly.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

JPMorgan Private Bank Bullish on Cyclical Stocks

Wednesday, 27 Aug 2014 19:02 PM

JPMorgan Private Bank believes in a strengthening economy and hence it believes in cyclical stocks, says Chief Investmen . . .

Former Yale Prof Deresiewicz: Elite Colleges Feed Income Inequality

Wednesday, 27 Aug 2014 18:49 PM

The country's top colleges exacerbate the income inequality problem by establishing an admissions process that favors th . . .

Russian Hackers Attack JPMorgan; FBI Investigating

Wednesday, 27 Aug 2014 16:25 PM

Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase and . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved