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Friday, August 26, 2016

Fed's Fischer: Yellen's comments are consistent with possible Sept hike

  • Suggests rate hike this year is possible
  • Economic picture is very complex
  • Evidence is that the economy has strengthened
  • We've had very strong hiring reports recently
  • Inflation has been growing
  • On employment, we're doing well
  • Fed is not behind the curve on hikes
  • Fiscal stimulus would be good for the economy
 "Yes to both questions" Fed Vice Chair Stanley Fischer on whether investors should wake up to September and possibility of 2 hikes this year

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