VIDEO: Dallas Federal Reserve Head Talks Regulations, Business Climate
The head of the Dallas Federal Reserve certainly seems to like the findings of a new report from the U.S. Chamber of Commerce’s Foundation.
The new Regulatory Climate Index 2014 was released yesterday, and found that Dallas, Texas has the best overall score among the cities studied. Researchers gave the city high marks for its low-tax environment and the speed with which businesses can get up and running.
FoxBusiness interviewed Dallas Federal Reserve President Richard Fisher on what makes Dallas different from other cities for business. Fisher notes the regulatory environment, and says “people vote with their feet, so, it’s a little crude, but what I think you’re hearing is that we want less Californication of America and more Texafication of America.” Fisher also makes a pitch for a revamp of the federal tax code to create a more efficient monetary policy.
No word (yet) from the other Federal Reserve presidents, but we’ll let you know when we hear from them.