Archived Feds Fischer Warns of Risk to Running Too High-Pressure Economy (bloomberg.com)
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Archived Feds Fischer Warns of Risk to Running Too High-Pressure Economy (bloomberg.com)
submitted ago by Thomas_Crown
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[–] derram ago
https://archive.is/yVY5g :
'Once the Fed reaches its goals, he said, “The big issue will be growth, growth, growth” with the onus on fiscal authorities. '
'Michael Gapen, chief U.S. economist at Barclays Plc in New York, said Fischer’s comments “reflect an ongoing divergence of opinion” at the central bank. '
'Fischer devoted his prepared remarks to a detailed explanation of why interest rates were remaining so low. '
'Fischer “doesn’t see much room for running the economy hot” while Yellen’s views “seem to provide a wide-open door to do that. '
'Such policies could also “reduce the probability that the economy and, particularly, the central bank will in the future have to contend with the effective lower bound” for interest rates. '
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