Note that this is Stanley Fischer not Richard Fisher.

  • Inflation is below target
  • Continuation of expansionary policy needed
  • Normalcy has not been restored to US economy

Separately, Fed nominee Powell said the economic recovery is uneven and ‘frustratingly slow’

The comments are from prepared remarks ahead of Senate hearings on the nominations.

More from Powell:

  • Fed must provide support to economy as long as needed

Brainard also in the fray:

  • Fed needs to calibrate policy to ensure appropriate pace of normalization
  • Fed needs to ensure no financial institution too big to fail, discourage risk taking
  • Fed mush support fragile job market recovery, ensure inflation expectations well anchored

Brainard is sounding a tad more hawkish than the other two.