US inflation would have hit 2% if not for oil, US Dollar – Fed’s Fischer

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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    Additional comments hitting the wires from Fed’s Vice Chair Fischer, as he addresses the Q & A session following his earlier speech.

    Key Quotes:

    US inflation would have hit 2% if not for oil, US Dollar

    Weak US productivity is more an episode than secular

    Lower oil prices are sustaining consumer spending

    Volatility in markets as much to do with China as with any concern about effect of oil sector on US banks and financial system

    US financial sector has been strengthened enormously

    We are studying the experience of negative rates abroad
    European experience with negative rates has been better than expected

    Some negative rates in Europe stemmed capital inflows

    Fed has no plans to use negative rates although it is under study
    For more information, read our latest forex news.

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