Fed's Fischer says persistent volatility could harm U.S.

http://www.reuters.com/article/usa-fed-fischer-idUSL2N15G1L7


Fed Vice Chairman Stanley Fischer, however, warned about jumping to conclusions given that some past bouts of financial market turbulence have not harmed the world's largest economy.
His speech, less than a week after the Fed held interest rates steady, appeared to reinforce the view that a month-long plunge in world stocks and oil prices could stay the U.S. central bank's hand as it looks to raise rates again this year.
"At this point, it is difficult to judge the likely implications of this volatility," Fischer told the Council on Foreign Relations in New York.