Data driven rate decision by Fed

03 June 2015

Stanley Fischer, the Fed vice chair said the reserve is debating the timing of the first rate rise. “Which is better, early and gradual or late and steep? If we raise the rate from zero it will be harder to go back to zero if there is a problem,” Fischer said in a speech. “Our processes are not date determined, they are data determined … So much importance is given to first move and it’s misleading.”

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