Note: Tim Griffin has called on House leadership to provide certainty to employers so they can make plans to hire new workers. His most recent (June 4) press statement on the issue can be found here.
Congress Has Inhibited Growth By Creating Uncertainty: Fisher
Published: Wednesday, 7 Jul 2010
By: Michelle Lodge
Congress and the government have inhibited growth by creating uncertainty about business costs, Dallas Fed President Richard Fisher told CNBC Wednesday.
“We need clarity," said Fisher. "My background [in business] tells me that you can’t eliminate uncertainty, but you have to reduce it as much as possible.”
Questions about healthcare expenses, for instance, have kept businesses from hiring new workers, said Fisher, because executives don't know how much it will cost them. Businesses also have concerns about other costs, such as whether a VAT [value-added tax] will be imposed.
Read the full story
here.
