Stanley Fischer
Stanley Fischer
Stanley "Stan" Fischeris an economist and the vice chair of the U.S. Federal Reserve System. Born in Northern Rhodesia, he holds dual citizenship in Israel and the United States. He served as governor of the Bank of Israel from 2005 to 2013. He previously served as chief economist at the World Bank. On January 10, 2014, United States President Barack Obama nominated Fischer to be Vice-Chairman of the US Federal Reserve Board of Governors...
firmly good hard japan means monetary policy reason recovery stimulus sure withdraw
The recovery is not firmly in place. There is no reason to withdraw stimulus right now. The need is to make sure that the recovery in Japan is self-sustained -- and that means it's hard to see any good reason for monetary policy to tighten.
depending economy global seems totally
Unfortunately, the global economy seems to be depending totally on the U.S. at the moment.
economy exchange fiscal monetary program rate
We would have to renegotiate the monetary and fiscal program because Indonesia's economy has changed. Also, the exchange rate is way off from where we expected,
disappointment moving years
Year after year, we have had to explain from mid-year onwards why the global growth rate has been lower than predicted as little as two quarters back. This pattern of disappointment and downward revision sets up the first, and the basic, challenge on the list of issues policymakers face in moving ahead: restoring growth, if that is possible.
arriving banking changes clear exchange given money moscow next possible problems quite russians system team week
We have a team arriving in Moscow at the end of next week that will have to look at the situation. Given what we know now about the changes in the exchange rate, the difficulties in the banking system and possible problems with the budget, it's clear the Russians will have to do quite a lot before that money can be released,