The Fed has ‘time to wait’ while hiking rates, former vice chair Fischer says
“‘When I left, which was only six or seven months ago [in October 2017], all the concerns were we’re not seeing any inflation,’ said told CNBC’s Leslie Picker during an interview on the sidelines of the Context Leadership Summit in Las Vegas. ‘I don’t think we’re seeing a whole lot more inflation than we saw at that time.'”
MK note: As mentioned briefly in our DMR this morning the low producer price index number is likely to figure into future Fed interest rate deliberations. Also, as we noted last week, the Fed statement following last week’s interest rate meeting carried a distinctly dovish tone – at least enough of a divergence from the past to warrant consideration.