Federal Reserve Vice Chairman Stanley Fischer comments from the weekend … nothing too surprising:
- “The normalization of our policy should prove manageable”
- “We have done everything we can, within the limits of forecast uncertainty, to prepare market participants for what lies ahead.
- “In determining the pace at which our monetary accommodation is removed, we will, as always, be paying close attention to the path of the rest of the global economy and its significant consequences for U.S. economic prospects”
Then he paraphrased his last point:
- “If foreign growth is weaker than anticipated, the consequences for the U.S. economy could lead the Fed to remove accommodation more slowly than otherwise”