Daily Management Review

America Is ‘Close’ To Fed’s Inflation ‘Targets’, Informs The Vice-Chair


08/25/2016


The U.S. economic performance matches Fischer’s optimistic views.



The Central Bank’s growth as well as inflation targets were almost touched by the U.S. economy, report a “top official”, whereby some observers concluded that the said official was probably expecting a further rise in interest rates for the year 2016. Moreover, the Vice Chairman of the US Federal Reserve, Stanley Fischer:
"we are close to our targets".
 
For Fischer acknowledges that the employment remained "remarkably resilient". He adds:
“Looking ahead, I expect GDP growth to pick up in coming quarters, as investment recovers from a surprisingly weak patch and the drag from past dollar appreciation diminishes."
 
Fischer addressed the crowd in the conference at Colorado’s Aspen Institute, which dealt with the “world economy” and took place on the 21st of August 2016, whereby Fischer informed that inflation concerning the “personal consumption expenditures”, the yard stick being the “core price deflator”, entered the “hailing distance of rate-setters' 2.0% target”, while the Consumer Price Index stays over two percent.
 
Moreover, Digitallook informs that as per Fischer:
“...output growth had been ‘much less impressive’... although that pace likely understated the underlying momentum in GDP, in part as a result of the ‘sizeable’ inventory correction which began early last year -despite which GDP growth had been ‘mediocre’”.
 
Approximately, fifty percent of Fischer’s speech covered the topic of exception slow growth of rate in “labour productivity”, which is becoming a common phenomenon worldwide. Fischer’s description of a “massive” shortfall points out the “rates of productivity growth” between the year of “2006 to 2015 at 1.25%, and between 1949 and 2005, of 2.5%”. According to Fischer, “the key to boosting the long-run potential rate of growth of the US economy likely lay effective fiscal and regulatory policies”.
 
Interestingly, Fischer’s views are considered similar to that of Janet Yellen, Chairperson of Fed.
 
 
 
References:
http://www.digitallook.com/







Science & Technology

Toyota & Cartivator Are Building Flying Cars To Light Up The Olympic Flame Of 2020

Stock trading computers are not a future anymore

Temper Technology With Humanity - Apple's Cook Tells MIT Graduates

As Spying And Crime Tools Mix, Blame Game For Cyber Attacks Grows Murkier

Retailers Could Transform The Market Scenario Into Smart Shopping Experience For The Consumers With The Cloud

A Way To Unlock Wannacry Without Ransom Found By French Researchers

China to introduce face recognition payment system

Clues To Ransomware Worm's Lingering Risks Found By Security Experts

Nasdaq Brings ‘Analytics Hub’ To Provide Enhanced Trading Experience

Through XFi Launch, Comcast Moves Closer To Home Connectivity

World Politics

World & Politics

Trump to speak for America's dominance in the energy sector

U.S. Official Says Russians Targeted 21 Election Systems

The Britain’s Prime Minister To Bring Down Corporate Tax To Draw More Investments In The Country

Record 65.6 million people were displaced in 2016

Are millionaires preparing for an apocalypse?

EU says goodbye to mobile roaming charges

Denmark loses interest to electric cars

Global Airlines Conference Agenda To Accord Importance To Fresh Safety Concerns