24 Feb 2016
Fed's Fischer: Sustained tightening in conditions could affect US
Vice Chair of the Federal Reserve Stanley Fischer is speaking on monetary policy, noting that sustained tightening in conditions could affect US.
Key headlines - via Reuters
If the recent financial market developments lead to a sustained tightening of financial conditions, they could signal a slowing in the global economy that could affect growth and inflation in the United States
Says 'modest overshoot' of full employment appropriate to be sure as many people as possible get jobs, full-time hours
Says greater than full employment could also improve outlook for inflation
Too early to tell whether recent market volatility will have any impact on US growth, inflation
Similar periods of volatility have left "little imprint" on the overall economy
Further drop in oil prices means inflation will remain below target longer than expected
Data since December rate hike indicates labor market has continued to improve, and that growth has picked up in the current quarter
via Reuters
Key headlines - via Reuters
If the recent financial market developments lead to a sustained tightening of financial conditions, they could signal a slowing in the global economy that could affect growth and inflation in the United States
Says 'modest overshoot' of full employment appropriate to be sure as many people as possible get jobs, full-time hours
Says greater than full employment could also improve outlook for inflation
Too early to tell whether recent market volatility will have any impact on US growth, inflation
Similar periods of volatility have left "little imprint" on the overall economy
Further drop in oil prices means inflation will remain below target longer than expected
Data since December rate hike indicates labor market has continued to improve, and that growth has picked up in the current quarter
via Reuters