Comments from Federal Reserve vice-chairman Stanley Fischer:

  • Fed must maintain inflation from above and below
  • Mistake to curb Fed emergency lending power
  • Fischer says productivity growth may not be as slow as measures indicate
  • US strength visible in how it recovered from crisis
  • Trimming balance sheet without disruption a challenge

Fisher's speech was aimed at discussion near-term and long-term priorities and challenges. He spoke at the Chamber of Commerce in Washington.

He's speaking in a Q&A.

Fischer has the best permagrin in central banking. He even smiles when he frowns.