FXStreet (Bali) – More headlines from vice-chair of the Federal Reserve, Stanley Fischer, speaking at on incorporating financial stability into monetary policy, keep crossing the wires.
Headlines – Reuters
US economy weathering ‘reasonably well’ the strong dollar and foreign weakness
Expects PCE inflation to rebound to about 1.5% in 2016
Expects 2 pct core and overall inflation over medium term
Says was appropriate to delay rates liftoff to offset dollar rise
Notes that October FOMC said it may be appropriate to raise rates in December
Good reason to expect dollar drag on GDP well into 2016
Fed models show dollar will likely decrease core inflation by 0.25-0.5 percent in 2015
Strong dollar played appreciable role in keeping inflation well below target
(Market News Provided by FXstreet)