Tags: fed | fischer | economic growth | volatility

Fed's Fischer: Persistent Volatility Could Harm US

Fed's Fischer: Persistent Volatility Could Harm US
Fed Vice Chairman Stanley Fischer (AP)

Monday, 01 February 2016 01:31 PM

If recent market volatility persists it could signal a slowdown in the global economy that hurts U.S. growth and inflation, the Federal Reserve's second-in-command said on Monday.

Fed Vice Chairman Stanley Fischer, however, warned about jumping to conclusions given that some past bouts of financial market turbulence have not harmed the world's largest economy.

"At this point, it is difficult to judge the likely implications of this volatility," Fischer said in a speech less than a week after the Fed held interest rates steady but, notably, said it was closely monitoring international and financial conditions.

"If these developments lead to a persistent tightening of financial conditions, they could signal a slowing in the global economy that could affect growth and inflation in the United States," he added.

"But we have seen similar periods of volatility in recent years that have left little permanent imprint on the economy."

© 2020 Thomson/Reuters. All rights reserved.


   
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If recent market volatility persists it could signal a slowdown in the global economy that hurts U.S. growth and inflation, the Federal Reserve's second-in-command said on Monday.
fed, fischer, economic growth, volatility
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2016-31-01
Monday, 01 February 2016 01:31 PM
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