Economics
Fischer Says Foreign Economies Better Able to Handle Fed Hikes
- U.S. policy tightening to be driven by economic improvements
- Fischer raises prospect of alignment in global conditions
Fed's Stanley Fischer Sounds a Note of Optimism
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Federal Reserve Vice Chairman Stanley Fischer painted a picture of a brightening global economy that can better manage the spillover of gradual monetary tightening in the U.S.
“I expect that the Fed’s removal of accommodation will be driven by a continued expansion of the U.S. economy,” Fischer said in the text of a speech he’s slated to give Wednesday in Washington. “Foreign economies are likely to benefit from the developments that induce” the U.S. central bank to tighten, he said.