Stanley Fischer - Federal Reserve System

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Last quote by Stanley Fischer

Janet is a safe pair of hands and very good at explaining what she's doing and persuading people of what she's doing. I think it's important.feedback
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Oct 13 2017 Federal Reserve
Stanley Fischer has been quoted 60 times. The one recent article where Stanley Fischer has been quoted is Fed vice chair Fischer says Trump should reappoint Yellen. Most recently, Stanley Fischer was quoted as having said, “I wish the circumstances were such that going faster was the right policy. But given the uncertainty about the inflation rate approaching the 2 percent target, we have to be more careful than full speed ahead.”.
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Stanley Fischer quotes

Jul 06 2017

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.feedback

May 31 2017

We've been able to buy many, many things that we wouldn't have been able to make had it all been up to us. So we benefit from that as well. … I'd be concerned if that basic model is overturned.feedback

May 05 2017

Adherence to a simple policy rule is not the most appropriate means of achieving macroeconomic goals. Emphasis on a single rule as the basis for monetary policy implies that the truth has been found, despite the record over time of major shifts in monetary policy. We should not make our monetary policy decisions based on that assumption.feedback

Apr 21 2017

Taking actions which remove the changes that were made to strengthen the structure of the financial system is very dangerous.feedback

Apr 21 2017

We're feeling that way and so far haven't seen anything to change that. But we are dependent on what happens in the economy, and we're not tied to three.feedback

Apr 21 2017

S changes to bank reforms could be 'very dangerous.feedback

Apr 19 2017

A gradual and ongoing removal of accommodation seems likely both to maximize the prospects of a continued expansion in the U.S. economy and to mitigate the risk of undesirable spillovers abroad.feedback

Apr 17 2017

My tentative conclusion from market responses to the limited amount of discussion of the process of reducing the size of our balance sheet that has taken place so far is that we appear less likely to face major market disturbances now than we did in the case of the taper tantrum.feedback

Mar 28 2017

You don't have to put a huge weight on something that you don't really know is going to happen. So, we take it into account somewhat.feedback

Mar 28 2017

Some bills, when they're presented, have some impact on the economy immediately. I think that was the case with just the early days of the administration and so the stock market goes up and so forth. So, you take those effects into account.feedback

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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