Time-based guidance a hint of FOMC's view: Fed's Fischer
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/24/2026
- Wall Street closes lower to end rocky week
- Meta's capital-raising plans expose a major weakness in the AI boom
- Oil prices jump $3 on Houthi attacks, oil spill, highest settlement since April
- BofA flags further downside risk for stocks, yields and dollar
- SpaceX cell-site ambitions lift tower stocks and weigh on carriers
Tweet
Share
E-mail
Federal Reserve Vice Chairman Stanley Fischer is seen during the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming, August 29, 2015. REUTERS/Jonathan Crosby
NEW YORK (Reuters) - The public likes so-called time-based forward guidance on interest rates because it is the closest thing that Federal Reserve policymakers have to a consensus prediction of monetary policy, Fed Vice Chairman Stanley Fischer said on Friday.
"I think they like time-based because it's their way of getting as close as they can to a committee forecast of interest rates," he told the Initiative on Global Markets at Chicago Booth event.
(Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lula, Bolsonaro rally supporters on final day before Brazil presidential runoff
- Train hits minibus in Russia's Far East, killing six
- Mona Lisa off limits as Paris shuts museums over protest fears
Create E-mail Alert Related Categories
ReutersRelated Entities
Federal Open Market CommitteeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
