- Fed Vice Chairman Stanley Fischer is worried that U.S. reforms implemented after the global financial crisis can handle a credit market panic
Market news
11 February 2016
Fed Vice Chairman Stanley Fischer is worried that U.S. reforms implemented after the global financial crisis can handle a credit market panic
Fed Vice Chairman Stanley Fischer said on Wednesday that he was worried that U.S. reforms implemented after the global financial crisis can handle a credit market panic.
"The new system has not undergone its own stress test," he said.
"The financial system will undergo its fundamental stress test only when we have to deal with the next potential financial crisis," Fischer added.
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