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Fed Vice-Chair Stan Fischer Explains What Yellen Really Meant Last Week - Live Feed

With the world now convinmced that Janet Yellen is as dovish as she has ever been on rate hikes, today comes the first post-FOMC speech. None other than Vice-chair Stanley Fischer is due to address The Economic Club of New York on the topic of "Monetary-policy lessons and the way ahead." As Art Cashin warned this morning, Fischer "seems to feel that the Fed must raise rates this year. He is also the only Fed official to concede that any rate hike will be different than any seen before."

Headlines:

  • *FISCHER: ECB QE PUTS DOWNWARD PRESSURE ON U.S. LONG-TERM RATES
  • *FISCHER: SIMPLE RULES CANNOT REPLACE JUDGMENT FOR FED POLICY
  • *FISCHER: LIFTOFF WHEN FED `REASONABLY CONFIDENT' ON INFLATION
  • *FISCHER SAYS DOLLAR'S RISE ALSO REFLECTS RELATIVE U.S. STRENGTH
  • *FISCHER SAYS FUTURE FED RATE RISES WON'T BE SMOOTH UPWARD PATH
  • *FISCHER SAYS THERE'S UNCERTAINTY ABOUT LEVEL OF FUTURE RATES
  • *FISCHER: FED POLICY GUIDED BY DATA AND PURSUIT OF DUAL MANDATE
  • *FISCHER SAYS RATE LIFTOFF LIKELY WARRANTED BEFORE END-2015
  • *FISCHER: EXPLICIT FED FORWARD GUIDANCE TO DECLINE POST-LIFTOFF
  • *FISCHER SAYS STRONGER DOLLAR OFFSETTING SOME BENEFITS OF ECB QE

Live feed: