No comments on US outlook or monetary policy from Fed’s Fischer

Fischer on a panel in Stanford
– Sticking to simple rule not the best way to achieve goals
– Diverse views can help navigate policy uncertainty
– Rate-setting committee has strength policy rules lack
Fischer builds a strawman agreement here. The Fed shouldn’t be governed with a simple rule and that’s not really the debate. It should be governed with a hyper-complex computer that can set rates with +100,000 inputs.