May 30, 2012 / 6:53 PM / 5 years ago

Fed's Fisher: More easing wouldn't help US economy

SAN ANTONIO, May 30 (Reuters) - U.S. corporations are not seeking more liquidity from the Federal Reserve, and further monetary easing is unlikely to help on the jobs front, a top Fed official said on Wednesday.

“I don’t hear any business people and job creators saying, ‘I need more liquidity, I need more money,'” Dallas Fed President Richard Fisher told reporters after a speech here. Even though inflation is not currently a threat, “I don’t see what we would accomplish with further accommodation.”

The Fed cannot do its job as the U.S. monetary authority unless fiscal authorities do theirs, he added.

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