Fischer answering audience questions:
– Fed very close to employment goal
– 1.4% inflation is not in ‘different universe’ from goal
– We’d like to see inflation go up
This is so typical of the Yellen Fed. They come out and make bold pronouncements about rate hikes and when they’re wrong they fall back on data dependency.
Fed’s Fischer Q&A: Need to ‘wait and see’ whether volatility hits US economy
ByAdam Button
Feb 1, 2016