Transitory, uncertainty, temporary. More of the same
The way we elevate central bankers, you would expect them to have more to say. The Fed's Fischer was famous as a brilliant economist and professor long before he became Vice-Chair. Why? I don't know because he has been sticking to the same boring script since he got the job.
Inflation? It's coming but held down by temporary factors.
Growth? Investment is held back by global/economic/political uncertainty
His comments in Brazil today could have been dusted off from any central banks speech over the past 5 years. It's an endless game of promising better things ahead and never even trying to diagnose why the economists' consensus has been so wrong for so long.
