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Fischer says Fed doesn’t see asset prices as ‘unsustainable’

“Outgoing Federal Reserve Vice Chairman Stanley Fischer said Wednesday the central bank doesn’t see an unsustainable bubble building in asset prices” writes Senior Economics Reporter for marketwatch.com. He said the U.S. central bank is usually reluctant to comment on asset prices, saying “I shouldn’t go on.”. But we don’t think we’re in a situation where we have an inflationary bubble or an unsustainable set of prices in the asset market.”. Fischer said he was leaving the central bank early for “personal reasons” but did not elaborate.Responding to a question about lofty equity valuations during an interview on NPR’s All Things Considered, Fischer said “well, with low interest rates stock-market prices will tend to be higher than they would be if the interest rates were higher.
 
Source: marketwatch.com



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