Name: Stanley Fischer

Summary: Reflections on Macroeconomics Then and Now: "Since the U.S. economy is now below our 2 percent inflation target, and since unemployment is in the vicinity of full employment, it is sometimes argued that the link between unemployment and inflation must have been broken. I don't believe that. Rather the link has never been very strong, but it exists, and we may well at present be seeing the first stirrings of an increase in the inflation rate--something that we would like to happen."

Lean: Hawkish

Substantially Similar to Prior Statements: No

Statement Date: March 7, 2016

Publication Date: March 7, 2016

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