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Fed's Fisher: How Low can U.S. Unemployment Go?Reuters
April 4, 2006
WICHITA FALLS, Texas - Dallas Federal Reserve Bank President Richard Fisher said on Tuesday he wonders how low the U.S. unemployment rate could fall without creating inflationary pressure given globalization.
"The question that I have is how far can we go, for example with an unemployment rate. How low can it go without creating inflationary pressure?" he said in answer to a question after speaking at Midwestern State University.
"How tightly can we run what we measure (as) the domestic capacity under circumstances of globalization that might allow our business women and men to produce a level of output that we don't yet quite understand," Fisher said.
http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-04-04T171819Z_01_WAT005223_RTRIDST_0_ECONOMY-FED-FISHER-UNEMPLOYMENT-URGENT.XML
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