Dallas Fed President: Indecision Stymies Economy — Economy | The Texas Tribune

The engine is primed to rev up the national economy, but businesses aren’t putting the pedal to the metal, Richard W. Fisher, the president and CEO of the Dallas Federal Reserve, said today.

At an event hosted by the Austin Chamber of Commerce, Fisher issued his predictions about the direction of the national economy, saying businesses have the cash on their balance sheets to start creating jobs, but that a lack of capital investment and slow job creation are “the frightful consequences of indecision” on Capitol Hill.

“I don’t care if you’re a Republican or Democrat, they’ve screwed us,” he said, emphasizing both political parties are at fault for the rising costs of government, such as the unfunded liabilities of Medicare and Social Security.

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