On Air Now

Listen

Listen Live Now » 93.7 FM Sheboygan, WI

Weather

Current Conditions(Sheboygan,WI 53081)

More Weather »
55° Feels Like: 55°
Wind: WSW 5 mph Past 24 hrs - Precip: 0.05”
Current Radar for Zip

Today

Isolated Thunderstorms 77°

Tonight

Mostly Clear 60°

Tomorrow

Scattered Thunderstorms 73°

Alerts

Fed better prepared now than in 2011 for possible U.S. default: Fisher

Federal Reserve Bank of Dallas President Richard Fisher (R) testifies alongside FDIC Vice Chair Thomas Hoenig before the House Financial Ser
Federal Reserve Bank of Dallas President Richard Fisher (R) testifies alongside FDIC Vice Chair Thomas Hoenig before the House Financial Ser

NEW YORK (Reuters) - The Federal Reserve is better prepared for a possible U.S. government default now than the last debt-ceiling scare in 2011, a top central banker said on Tuesday.

"I'm more confident that we, my colleagues and I, are better prepared than we were in 2011," Dallas Fed President Richard Fisher told Reuters, citing an "informational feeling."

Fisher added he expects U.S. economic data to be "sloppy" for a couple more months due to the partial government shutdown.

(Reporting by Jonathan Spicer, Ann Saphir and Pedro da Costa; Editing by Nick Zieminski)

Comments