Comments from Fischer in Jackson Hole on CNBC
- 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
- Not too concerned about asset bubbles now
"Yes to both questions" Fed Vice Chair Stanley Fischer on whether investors should wake up to September and possibility of 2 hikes this year.
Hawkish stuff but, again, there isn't any kind of commitment here, just a 'possibility'. Given the stumbles at the Fed, they can't hike without sending a much stronger signal. I mean, there's also the 'possibility' of an alien invasion this year.
