Fischer keen to add financial stability to Fed mandate

Stanley Fischer
David Vaaknin

Stanley Fischer argued that adding financial stability to the Federal Reserve's mandate could help it – and other US supervisors – respond to risks more efficiently, in his first speech since taking over as vice-chair at the central bank.

Fischer chose to focus on financial reforms in his maiden speech, and praised the regulators for "making significant progress in strengthening the financial system and reducing the probability of future financial crises".

He gave a positive account of the work

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