Fed's Fisher Says FOMC Cannot Risk Credibility, Must Act if Inflation Continues

Fed's Fisher Says FOMC Cannot Risk Credibility, Must Act if Inflation Continueshttp://www.mortgagenewsdaily.com/8192008_Fed_Fisher_Economy.aspThe Federal Reserve must be prepared to take action and curb inflation if slowing growth doesn't moderate prices as expected, said the most hawkish member of the FOMC on Tuesday. Dallas Fed President Richard Fisher (voter), who has dissented from keepingenCommunityServer 2008 SP2 (Build: 31106.96)