24 Mar 2015
Fed Vice Chairman Fischer notably circumspect - ANZ
FXStreet (Bali) - Fed Vice Chairman Fischer was notably circumspect in his speech overnight, notes the Research Team at ANZ.
Key Quotes
Fed Vice Chairman Fischer was notably circumspect in his speech overnight, noting that while rate rises “likely will be warranted before the end of the year…whether it’s going to be June or September, or some later date, or some date in between, will depend on the data”.
Fischer noted “the FOMC has indicated that it does not anticipate selling agency mortgage-backed securities”, but will let them mature.
By contrast Cleveland Fed President Mester overnight noted the current weakness in the US economy is “transitory” and that June remained a “viable option” for the Fed to commence its tightening cycle.
St Louis Fed President Bullard (non-voter) reiterated his previous views that the Fed “should get on with normalisation” as soon as possible
Key Quotes
Fed Vice Chairman Fischer was notably circumspect in his speech overnight, noting that while rate rises “likely will be warranted before the end of the year…whether it’s going to be June or September, or some later date, or some date in between, will depend on the data”.
Fischer noted “the FOMC has indicated that it does not anticipate selling agency mortgage-backed securities”, but will let them mature.
By contrast Cleveland Fed President Mester overnight noted the current weakness in the US economy is “transitory” and that June remained a “viable option” for the Fed to commence its tightening cycle.
St Louis Fed President Bullard (non-voter) reiterated his previous views that the Fed “should get on with normalisation” as soon as possible