Name: Stanley Fischer

Summary: Emerging Asia in Transition: "In the relatively near future probably some major central banks will begin gradually moving away from near-zero interest rates. The question here is whether the emerging market countries of Asia--and, indeed, of the world--are sufficiently prepared for these decisions, to the extent that potential capital flows and market adjustments can take place without major macroeconomic consequences. While we continue to scrutinize incoming data, and no final decisions have been made, we have done everything we can to avoid surprising the markets and governments when we move, to the extent that several emerging market (and other) central bankers have, for some time, been telling the Fed to "just do it.""

Lean: Neutral

Substantially Similar to Prior Statements: No

Statement Date: November 19, 2015

Publication Date: November 19, 2015

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