Fischer spells out uncertainty surrounding impact of global volatility
Fischer says ‘modest overshoot’ of the longer-run unemployment rate would be appropriate
Stanley Fischer emphasised the uncertainty surrounding the impact of global volatility in a speech on February 1, telling an audience in New York it was "difficult to judge the likely implications".
The Federal Open Market Committee (FOMC) chose not to raise rates in January, noting it was "closely monitoring global economic and financial developments" and how it would affect the "balance of risks" to its outlook.
The volatility earlier this year was seemingly triggered by "ongoing structural
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