Delivers speech in New York

The Fed Vice Chair Stanley Fisched is giving a speech in NY.

Some of his highlighted comments:

  • big balance sheet may pose some policy challenges
  • big balance sheet point downward rate pressure
  • big balance sheet may pose financial stability risks
  • QE helped promote recovery
  • bond buying helps keep inflation closer to 2%.
  • Fed. QE shows policy effective even at 0 rates
  • fed does not plan to sell mortgage securities