“The punch in that punch bowl is still 108 proof,” says Dallas Federal Reserve Bank Chair Richard Fisher. “Things look better when you have a lot of liquidity in your system.”

He’s calling on Washington to end the taper and rasie interest rates, something he believes will happen by October.

Chairman Fisher gave a speech on monetary policy today at USC Annenberg and stopped by Marketplace to chat afterwards.

Here is a link to his full speech, titled ” Monetary Policy and the Maginot Line (With Reference to Jonathan Swift, Neil Irwin, Shakespeare’s Portia, Duck Hunting, the Virtues of Nuisance and Paul Volcker)”.  Listen to his full conversation with Kai Ryssdal in the audio player above.