Fischer sees limits to Fed’s global responsibility

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There are limits to the Federal Reserve's responsibility to the global economy, and it can best help other countries by meeting its own mandate, vice-chair Stanley Fischer said on May 26.

Fischer is in a unique position to comment on monetary policy spillovers, having served as the International Monetary Fund's first deputy managing director and Bank of Israel governor before taking up his current post at the Fed.

He returned to Israel yesterday to speak at Tel Aviv University, where he argued t

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