Vice chair of the Federal Reserve Stanley Fischer speaking at the National Economists Club annual dinner ... Q&A now ...
Reuters with the headlines
- Current US deficits 'pretty respectable' as share of GDP
- Banks did not lend as aggressively as the Fed expected
- Credit crisis a shock to confidence that is still holding back investment
- Says low productivity growth may be holding back real wage growth
- Believes falling unemployment will lead to higher inflation
- Says spending on infrastructure in US would be a good investment for the country
Fed not that far from two percent target once price of oil stops falling and dollar halts rise
I've bolded that one point from Fischer ... in effect saying inflation is getting close to where the Fed can be confident of hitting its target. Hmmm
Subject to oil stabilizing or going back up? And subject to the USD falling? Lotsa 'ifs' in there?
