Stanley Fischer
Stanley Fischer
Stanley "Stan" Fischeris an economist and the vice chair of the U.S. Federal Reserve System. Born in Northern Rhodesia, he holds dual citizenship in Israel and the United States. He served as governor of the Bank of Israel from 2005 to 2013. He previously served as chief economist at the World Bank. On January 10, 2014, United States President Barack Obama nominated Fischer to be Vice-Chairman of the US Federal Reserve Board of Governors...
action aggressive extremely fed
The aggressive action by the Fed was extremely welcome,
This is just the beginning. So far, so good,
believes bottom clearly expansion fed fiscal interest low month pipeline rates reached
The Fed clearly believes we've reached bottom or will reach it in a month or two. They believe there's a lot of expansion in the pipeline from the very low interest rates and from the fiscal expansion.
firmly good hard japan means monetary policy reason recovery stimulus sure withdraw
The recovery is not firmly in place. There is no reason to withdraw stimulus right now. The need is to make sure that the recovery in Japan is self-sustained -- and that means it's hard to see any good reason for monetary policy to tighten.
opportunity
Some see it as a threat, some see it as an opportunity and some see it as inevitable,
looked nonsense people programs
This is errant nonsense from people who have not read or looked at the programs that the IMF supports.
consequences events mindful potential taking tragic
We are mindful of the potential tragic consequences of events taking place in Indonesia,
changed definite direction momentum
There's a very definite sense that the momentum has changed direction,
abide agreements generally kinds prefer starting
I generally prefer to abide by agreements I've signed. So that is at least one rationale for transferring the money. There are all kinds of other rationales, but that is my starting point.
economy exchange fiscal monetary program rate
We would have to renegotiate the monetary and fiscal program because Indonesia's economy has changed. Also, the exchange rate is way off from where we expected,
depending economy global seems totally
Unfortunately, the global economy seems to be depending totally on the U.S. at the moment.
actions backing income measures needed nor pension permanent personal related strengthen
Unfortunately, parliamentary backing has not been forthcoming for needed actions related to personal income tax, ... Nor have permanent measures to strengthen the pension fund.
avoid collapse interests
It is in Israel's interests to avoid a collapse of the Palestinian economy.
current overcome represents response strong
represents a strong and appropriate response to overcome Russia's current difficulties.