Former Dallas Federal Reserve Bank President Richard Fisher said Tuesday the Fed should heed the call of central bankers around the world and get on with hiking interest rates.
“I love my colleagues. You know that. I love the process of the FOMC, but they have egg all over their face,” he told CNBC’s “Squawk Box,” referring to the Federal Open Market Committee, the Fed’s policymaking body.
“Uncertainty is the enemy of decisionmaking. We know that as business people. Make a decision. Act on it.”
The FOMC last month declined to raise interest rates, in part due to concerns about the potential for weakness abroad to spill over into the U.S. economy.