Stanley Fischer - Federal Reserve System

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Last quote by Stanley Fischer

This cautious approach to investment may in part reflect uncertainty about the policy environment. Providing more clarity on the future direction of government policy is highly desirable.feedback
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Jul 07 2017
Stanley Fischer has been quoted 50 times. The one recent article where Stanley Fischer has been quoted is Fed's Fischer says US government should boost 'dismal' productivity growth. Most recently, Stanley Fischer was quoted as having said, “Reasonable people can disagree about the right way forward, but if we as a society are to succeed, we need to follow policies that will support and advance productivity growth. Governments can take sensible actions to promote more rapid productivity growth.”.
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Stanley Fischer quotes

Mar 03 2017 - Federal Reserve

If there has been a conscious effort, I'm about to join it.feedback

Mar 03 2017

All of these factors and more recommend against accepting the prescriptions of any one model, policy rule, or policymaker.feedback

Mar 03 2017

Committees and rules each have their advantages. Committees embody a wider range of information and have a capacity for innovation. Rules can simplify central bank communications, a particularly important feature in forward-looking models of the economy. Putting it all together, committees are, on average, likely to make better monetary policy decisions than individuals – an assertion that has received support from academic experiments in which undergraduate students played a part.feedback

Feb 16 2017

If (inflation) is significantly above (target) you begin to worry and you begin to act.feedback

Feb 12 2017 - Dodd-Frank Act

There is quite significant uncertainty about what's actually going to happen, I don't think anyone quite knows. It's a process which involves both the administration and the Congress in deciding fiscal policy. At the moment we're going strictly according to what we see as our responsibility according to the law, which is maintaining full employment and getting inflation to 2 percent.feedback

Feb 12 2017 - Dodd-Frank Act

I don't think Dodd-Frank as a whole is going to be repealed, but there may be some adjustments to it. Significantly reducing capital requirements would reduce the safety of the system. I certainly hope it's not going to happen.feedback

Nov 21 2016

Certain fiscal policies, particularly those that increase productivity, can increase the potential of the economy and help confront some of our longer-term economic challenges. Some combination of improved public infrastructure, better education, more encouragement for private investment, and more effective regulation all likely have a role to play in promoting faster growth of productivity and living standards.feedback

Nov 21 2016 - Unemployment

To the extent that exchange-rate changes affect employment (it is) potentially quite important but not the only thing that happens. It won't stop us from doing what we should do on the basis of inflation and unemployment in the domestic economy.feedback

Nov 11 2016 - Federal Reserve

On more expansionary fiscal policy, I think many members of Open Market Committee and Federal Reserve Board have commented that it would be useful to have a more expansionary fiscal policy. These statements were made over several months recently. I'm on record with that as having believed that.feedback

Nov 11 2016

There is fiscal policy, and in this particular instance it could be used for a quite a few reasons, and we have to see what happens.feedback

Nov 11 2016

In my view, the prospects of a continued steady expansion in the U.S. economy are maximized to the extent that we proceed with a gradual removal of accommodation.feedback

Nov 04 2016

The labor market has, by and large, had a pretty good year.feedback

Nov 04 2016

It will be answered by the behavior of output and inflation as we approach and perhaps to some extent exceed our employment and inflation targets.feedback

Oct 21 2016 - Federal Reserve

The limitation on monetary policy imposed by low trend interest rates could therefore lead to longer and deeper recessions when the economy is hit by negative shocks.feedback

Oct 17 2016

So we're not in deep trouble with monetary policy at the moment.feedback

Oct 09 2016

We could be stuck in a new longer-run equilibrium characterized by sluggish growth and recurrent reliance on unconventional monetary policy.feedback

Oct 07 2016

People aren't excited about growth prospects.feedback

Oct 07 2016 - Unemployment

Unemployment is somewhere very close to the natural rate. I think we're close to full employment.feedback

Oct 05 2016

Ultralow interest rates may reflect more than just cyclical forces, but "be yet another indication that the economy's growth potential may have dimmed considerably.feedback

Sep 27 2016

We are beginning to see the fruits of a higher pressure labor market.feedback

Sep 27 2016

We need–and by that I mean society as a whole needs–a more diverse set of practitioners in economics, practitioners who may perceive different questions to be important and different answers to be more persuasive.feedback

Sep 27 2016

These are steps on what will be a long road.feedback

Aug 26 2016 - Federal Reserve

I think what the Chair said today was consistent with answering yes to both of your questions.feedback

Aug 26 2016

The problem with this economy is there is so many numbers each day. You have to try and figure out what is the main thrust of what's going on in the economy. You can always find a set of data that will enable you to build a different case. That's the hard part.feedback

Aug 26 2016

Everything that's being argued here is being argued in the board as well.feedback

Aug 22 2016

If you look at economists, they think there's a 75 percent chance of a rate hike in December, and then you look at the market, and they're saying there's about a 50-50 chance.feedback

Jul 01 2016

We're going to have to wait and see. Our direct trade with Britain is not going to make a huge difference to us, but ... there are a lot of things that will follow from Brexit for Europe, for the United Kingdom, and those are the things we'll have to be thinking about.feedback

Jul 01 2016

Those figures are more important for the U.S. outlook than a Brexit.feedback

Jul 01 2016

We will do what we have to do in accordance with the law. We are not going to get into, Oh, it's the elections, we can't do anything.feedback

May 19 2016

What we need most...is faster potential growth.feedback

Feb 24 2016

Spending indicators in January point to a pickup in economic growth this quarter.feedback

Feb 24 2016

However…further declines in oil prices suggest that total inflation will likely remain low for somewhat longer than had been previously expected before moving back to 2 percent.feedback

Feb 24 2016

If you look narrowly at consumer spending it's gone up and you can see consumer spending has been sustained at a higher level because of the decline in oil prices.feedback

Jan 06 2016

The continuing declines in the price of oil are quite important in the overall price index. [But] taking account of the exchange rate, and the price of oil and food, we'd be at about 1.4 percent now.feedback

Jan 06 2016

We watch what the market thinks, but we can't be led by what the market thinks.feedback

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