Political uncertainty holds us back, Fisher says

Political uncertainty holds us back, Fisher says

September 1, 2010, 1:42 pm

[at MarketWatch] - Political uncertainty about taxes and the costs of hiring workers is holding back the U.S. economy, a Federal Reserve official said Wednesday. What is restraining the economy is not a shortage of current liquidity; rather, it is uncertainty, high household debt burdens and a lack of confidence in future income growth, said Richard Fisher, president of the Dallas Federal Reserve Bank, in speech in Houston.