No ‘taper tantrum’ this time around – Fischer

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Stanley Fischer: “Avoiding unintended market reactions has not always been easy"

The vice-chair of the Federal Reserve believes markets are “less likely” to face the type of disruption this year as experienced during the 2013 taper tantrum, as the US central bank begins to unwind its balance sheet.

Speaking on April 17, Stanley Fischer cast a critical eye over the way markets responded to forward guidance from then chair Ben Bernanke, highlighting the importance of central bank communication.

“Avoiding unintended market reactions has not always been easy,” Fischer told the

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