• Fischer: FOMC Will Stay Focused on Inflation Issue

Market news

21 November 2016

Fischer: FOMC Will Stay Focused on Inflation Issue

  • Will Take Expected Inflation Into Account Partly Because It Has Impact on Actual Inflation

  • No Central Banker Would Ever Say They Don't Worry About Risks Like Inflation

  • Haven't Heard Anything That Suggests We Ought to Change Fed's Balance Sheet

  • Fed Has Well-Defined Task, Continues to Operate Independent of Political Cycle

  • Fed's Independence Extremely Important When Politics Is Disturbed

  • If We Don't Fix Wall Street, Unclear if We Will Have Solved 'Too Big to Fail' Problem

  • Crisis Caused by 'Bad Behavior, Bad Strategy' in Financial Sector

  • Without Fed, 2008 Crisis 'Could Have Been Very Much Worse'

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