10-08-2008, 02:12 AM
<b>US calls for unity as markets dive</b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Federal Reserve Bank of Dallas President Richard Fisher, considered an inflation hawk, said capital markets were in "semi-panic" and said he was more worried about markets breaking down than upward pressure on prices.
"What I'm more worried about is how dysfunctional the system has become and what we, as the lender of last resort, need to do to encourage the liquidity to flow," he said.</b><!--QuoteEnd--><!--QuoteEEnd-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Federal Reserve Bank of Dallas President Richard Fisher, considered an inflation hawk, said capital markets were in "semi-panic" and said he was more worried about markets breaking down than upward pressure on prices.
"What I'm more worried about is how dysfunctional the system has become and what we, as the lender of last resort, need to do to encourage the liquidity to flow," he said.</b><!--QuoteEnd--><!--QuoteEEnd-->