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...
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.
arriving banking changes clear exchange given money moscow next possible problems quite russians system team week
We have a team arriving in Moscow at the end of next week that will have to look at the situation. Given what we know now about the changes in the exchange rate, the difficulties in the banking system and possible problems with the budget, it's clear the Russians will have to do quite a lot before that money can be released,
action aggressive extremely fed
The aggressive action by the Fed was extremely welcome,
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.
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,
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,
looked nonsense people programs
This is errant nonsense from people who have not read or looked at the programs that the IMF supports.
opportunity
Some see it as a threat, some see it as an opportunity and some see it as inevitable,
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.
This is just the beginning. So far, so good,
advantage fear spelling
I fear so, but I see no advantage to spelling that out.