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Confessions of a data dependent

Author

Listed:
  • Richard W. Fisher

Abstract

Remarks before the New York Association for Business Economics, New York, November 2, 2006 ; \"Globalization brings new influences into the Fed's navigation calculations to determine the best flight path for the U.S. economy. To determine that course...we must develop a better understanding of the new forces exerting themselves on the aircraft we have been charged with flying. That aircraft no longer flies solely in domestic space, affected soley by domestic factors. Rather, it flies all over the world, requiring more sophisticated navigation instruments to monitor changing global and domestic economic conditions, enabling us to pilot the craft safely and efficiently.\"

Suggested Citation

  • Richard W. Fisher, 2006. "Confessions of a data dependent," Speeches and Essays 59, Federal Reserve Bank of Dallas.
    • Handle: RePEc:fip:feddsp:59
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    File URL: http://dallasfed.org/news/speeches/fisher/2006/fs061102.cfm
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