Fischer sees shocks disrupting future path of rates

Stanley Fischer
Stanley Fischer. Photo by David Vaaknin.
David Vaaknin

Interest rates are unlikely to follow a "smooth path" when the Federal Reserve begins tightening monetary policy, as the economy will "inevitably" encounter other shocks along the way, Fed vice-chair Stanley Fischer said yesterday.

The debate about whether to start hiking sooner and more slowly, or later and more rapidly, is still running on the Federal Open Market Committee (FOMC).

Last week Fed officials indicated a more gradual path was likely, compared with their earlier forecasts in Decembe

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: