No ‘taper tantrum’ this time around – Fischer

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: