From now on we Elev8
We're more than just a broker. We're an all-in-one trading ecosystem—everything you need to analyse, trade, and grow is in one place. Ready to elevate your trading?
Trading news
5 May 2017
Fed's Fischer: Policy rules worth consulting, but judgment required
Speaking at a panel titled: "The Structural Foundations Of Monetary Policy: A Policy Conference," Federal Reserve Vice Chairman Stanley Fischer crossed the wires, via Reuters, providing no additional insight into near-term policy.
Key quotes
- Monetary policy rules should be consulted
- Fed in regularly looks at Taylor rules, but they shouldn't be applied mechanically
- Judgment is necessary to account for unexpected structural changes, but that additionally transparency into that judgment is therefore required