Economics
Fed’s Fischer Says Central Banks Need Fiscal Help to Spur Growth
- ‘Ultra-low interest rates are not necessarily here to stay’
- Low pace of innovation may have dampened investment and saving
Are the Days of Ultra Low Rates Numbered?
This article is for subscribers only.
Federal Reserve Vice Chairman Stanley Fischer said both monetary and fiscal policy steps may be needed to fend off a protracted period of sub-par economic growth.
“Ultra-low interest rates are not necessarily here to stay, especially if the right policies are put in place to address at least some of their root causes,” Fischer said in the text of a speech he is scheduled to deliver Wednesday in New York.