• Fed vice-chairman Fischer: fiscal policy changes likely but uncertain in 2017-18

Market news

30 August 2016

Fed vice-chairman Fischer: fiscal policy changes likely but uncertain in 2017-18

  • employment close to full

  • US Fed probably the most important of central banks

  • we're sensitive to what's going on around the world

  • not planning to go to negative rates

  • negative rates are very difficult for savers

  • we're in a world where negative rates seem to work

  • CBs with negative rates see success with them

  • USD isn't most fundamental factor in productivity

  • fiscal policy changes likely but uncertain in 2017-18

*via forexlive

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