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Fed's Fischer: Sustained tightening in conditions could affect US

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    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
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