• Fed, Fischer: will have better idea of conditions by July FOMC meeting

Market news

1 July 2016

Fed, Fischer: will have better idea of conditions by July FOMC meeting

  • we make our decisions one meeting at a time.

  • we've got to look over a longer horizon than a few months.

  • most of the data since May payrolls looking good.

  • hard to predict USD but Fed takes it into account.

  • Fed's primary goal is to do right for US economy.

  • expects US economy to continue on slow very gradual path we've been on.

  • Brexit probably less important for US than others.

  • Fed has no plans to move into negative territory.

  • will try to avoid ever getting to negative rates.

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