Fisher: Enormous risks to doing more Fed easing; could hurt inflation expectations

• Fed indifferent to political criticism; will do what’s right
• Key retardant of growth is fiscal, regulatory uncertainty
• Not quite as pessimistic on economy as most on FOMC

The new hawkish face of the FOMC, Dick Fisher.

Former top Hawk Tom Hoenig retires at the end of October. The torch has been passed…