Federal Reserve Vice-Chairman Stanley Fischer in New York
- No evidence of heightened risks to financial stability at the moment
- 'Reach for yield' threatens financial stability
- Demographics and productivity among multiple factors holding down neutral interest rate
- Low rates make economy more vulnerable to adverse shocks that could lead to recession
- No current sign of heightened threat of financial stability from low interest rates
- Full text
There isn't anything here that truly touches on current monetary policy. There's no word on whether he will take audience or media questions.