Richard “Loose Lips” Fisher

I hope you had relaxing weekend. This week’s update recaps the words of the Dallas Fed President Richard “Loose Lips” Fisher’s comments when he spoke last week. He was speaking on inflation and said it is “spiking.” Mortgage back securities don’t like inflation and that’s why pricing is up slightly at the end of last week. There’s also information about the new Economic Stimulus Plan and how a bill becomes a law. Check out the School House Rock link below.

Make it a great week!