Federal Reserve Vice Chair Stanley Fischer cites `significant uncertainty` about fiscal policy under Trump

by Dramelin 9:30 PM 0 comments

It`s a process which involves both the administration and the Congress in deciding fiscal policy," Fischer said, in response to a question. U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent. "There is quite significant uncertainty about what`s actually going to happen, I don`t think anyone quite knows. "At the moment we`re going strictly according to what we see as our responsibility according to the law, which is maintaining full employment and getting inflation to 2 percent. Speaking at the Warwick Economics Summit on Saturday, Fischer also said he thought Dodd-Frank financial regulation would not be repealed as a whole, and he hoped capital requirements for banks would not be significantly reduced.