Fed’s Fischer: Low rates make monetary policy more difficult

During a Q&A session at New York, Fed's Vice Chairman Stanley Fischer said that low rates make monetary policy "more difficult" and adds that he's not "enthusiastic" about raising inflation target.

More headlines (via Reuters):

  • Fed very close to inflation and employment targets
  • Not in deep trouble on monetary policy yet
  • U.S. not at 'tipping point' of needed negative interest rates
  • 'Common belief' is that attempts at over-shooting employment target have not been successful
  • Little danger in slight over-shooting of employment target

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