Fed's Fisher (hawk) crosses the wires

FXstreet.com (Barcelona) - Dallas Fed President Richard Fisher, a policy hawk who has been opposing to the U.S. central bank's malpractices of printing more and more money out of thin air, is crossing the wires, saying that "Fed’s Asset buying becoming less effective", while adding that the Fed policy transmission mechanism is ‘clogged’ and that policy conducted by the Fed has failed to yield the results he was expecting. He also said that the debt ceiling impasse is hurting business confidence.

Market Watch adds, quoting Fisher: " Washington must turn its attention to resolving the threat to the economy from the dozen banks that are too-big-to-fail, will put forward a plan to split the big banks into multiple smaller businesses and also make clear that federal deposit insurance would only cover deposits at the commercial bank unit of each bank's holding company..."