HERZLIYA, Israel (Reuters) - U.S. Federal Reserve Vice Chairman Stanley Fischer said it was "misleading" to give so much importance to the Fed's first interest rate hike since the process of returning to a more normal level will take a few years.
Fischer, speaking in Israel, said that while markets largely expect the first rate hike in September, it will be determined by data and not by date.
"If the (U.S.) economy is growing very, very slowly we will wait. If the economy is growing faster we will do it quicker," he said in a speech.
"What we are thinking about is raising the interest rate from zero, which is an ultra expansionary monetary policy to a quarter percent, which is an extremely expansionary monetary policy. This will be a gradual process," he said.
Fischer noted that the Federal Reserve board expects the interest rate will reach 3.25 to 4 percent by 2017-2018.
send $19.95 to "wounded warrior" since the mangled byproducts
are abandoned after defending what America allegedly stands for.
go to the v.a. hospital this wkend
perps walked away w/ 100's of BILLIONS, the vets not so much.
not difficult to find a "volunteer" force to defend "freedom" and "democracy"
when prior to joining they were being starved and imprisoned.
very interesting politics manipulation through
unconscious consumerism. starts ~1900 through today.
progression of sophisticated public manipulation which is accelerating as a result of data mining
every move you make is now being collected massaged and conclusions drawn.
you're making very few real decisions of your own and fewer in future.
people consistently fail to remember the FED is OWNED
by primary dealers. banks run the fed not inverse
IF you read comments on business "insider" and z.h.
not a single comment makes the connect to CUSTOMER PAYS THE FINE!!
perps are given immunity and after being robbed blind, the GOVT. fines the CUSTOMERS AGAIN
because you're to stupid to realize it the first time?
disconnect I can't begin to understand
people you just gotta love em
hamptons up to the gills w/ perps
apparently the public is too stupid to realize
the CUSTOMER PAYS THE FINE!!!!!!
there's ZERO downside for banks, IMMUNITY from prosecution and they KNOW it!!!!!!!
seriously, you just have to have the greatest admiration for these boys.
just scraping the cream off the top day in and day out, both dierections
EVERY TIME the house cleaners show up(mex, guat)
they always say "jesus loves you", I just about fall through the floor.
or "it's up to jesus" another fail safe
when I ask why is their god right and other(s) wrong, they can't speak English
you can literally see their minds go into lockdown
Germany dumps Greece, spain, Italy, and portagee follow suit.
all debt due was going to be rolled initially, nothing has changed.
ecb will be forced to spend twice 375billion per year to watch the med
Greece is going NOWHERE
bankers should be forced to eat their criminality
how's your political change through "peaceful protest" going?
they'll watch our progression from a close distance w/ automatic weapons
somebody takes other side I'm well aware
you're correct, then no inference is even possible
which was my initial point.
shorts sell otm puts for income
long identical behavior
oil seriously overextended undeniable
calls were likely sold for premium income
down a few K on my brilliant call
eca, swn, chk
enormous transition to natty gas power, INSANE DEBT LOADS as well