Skip to content
Subscriber Only

Fed's Fischer Supports Higher Rates If Markets Overheat

  • Rise would be appropriate if asset prices `excessively high'
  • Fed lacks some macro-prudential tools to attack bubbles
Video player cover image

Fischer Backs Higher Rates If Markets Were Overheating

Updated on

Federal Reserve Vice Chairman Stanley Fischer said it might be necessary for the central bank to increase interest rates if financial markets were overheating, though the first line of defense should be using regulatory tools to prevent bubbles from developing.

QuickTake The Fed Lifts Off