Interview with Stanley Fischer, Vice Chairman...>

FED: Interview with Stanley Fischer, Vice Chairman of the Fed's board of

governors, in the FT doing the rounds. Fischer said that despite the Fed lifting

interest rates twice this year, inflation has persistently remained low. Ahead

of the annual gathering in Jackson Hole in September Fischer appeared less

uncertain that the Fed will announce the start of the reduction its balance

sheet. He said 'there will probably be a break between the announcement of the

unwinding of QE and the start of the process, the central bank could always

press pause if unanticipated circumstances arise.' 

- In the interview Fischer also criticised Republican plans to repeal controls

on banks, saying it could potentially lead to conditions that engendered the

financial crisis.

-Fischer did note that he supported the loosening of controls for smaller banks.