(Reuters) - An ineffective, fractious and fiscally irresponsible government has slowed the U.S. recovery and counteracted the stimulative effects of Federal Reserve's super-accommodative monetary policy, a top Fed official said on Monday. "While the Fed has been moving at the speed of a boomer in full run, the federal government of the United States has at best exhibited the adaptive alacrity of a koala (without being anywhere near as cute)," Dallas Fed President Richard Fisher said in remarks prepared for delivery to the Australian Business Economists. "Unlike in most recoveries, government has played a countercyclical, suppressive role," Fisher said in Sydney. "The inability of our government to get its act together has countered the pro-cyclical policy of the Federal Reserve."
via Business News - Yahoo Finance http://finance.yahoo.com/news/feds-fisher-says-u-government-020430811.html
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