Dallas Fed president foresees 'anemic' growth into 2009

Richard Fisher, president of the Federal Reserve Bank of Dallas, has earned a reputation as a maverick among central bankers, dissenting from the majority at each of the five meetings in 2008 at which interest rates have been considered.Fisher agrees with his colleagues that the economy will slow further — he says it'll reach a "snail's pace" — as it continues to be weighed down by a depressed housing market. Unemployment is likely to rise, he says.But, Fisher says, inflation is too big a risk... Full Story