Central Banker: Debt Ceiling Crisis Is an Embarrassment For My Country

Dallas Federal Reserve Bank’s President does not mince words over Congress’s self-inflicted fiscal crisis

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Kevin Lamarque / Reuters

The U.S. Capitol is photographed through a chain fence in Washington September 30, 2013.

U.S. Central Banker Richard Fisher said Congress’s inability to strike a deal to end the federal budgetary impasse and extend the debt ceiling, which could cause the government to default on its sovereign debt, was inexcusable as he addressed a crowd in Dallas on Monday.

“I deeply hope and I don’t think we’ll default, but it will come down to the wire,” said Fisher at a forum at Southern Methodist University, according to Reuters. “It’s an embarrassment for my country.”