Fed's Fischer: Hikes could be used to fight excessively high asset prices

FXStreet (Bali) - Fed's Fischer crossed the wires over the weekend, speaking at a panel discussion on the US and global economic outlook at the American Economic Association in San Francisco, noting that hikes could be used to fight excessively high asset prices.

Headlines

No comments on the current outlook

Warns against raising inflation target

Difficult to raise equilibrium rate

Equilibrium rate likely to remain low for 'policy-relevant future'

Expects more periods of zero-bound rates given environment of low equilibrium rates

Success in rates liftoff eases some concerns over unconventional policy

New tools proved effective in raising rates from zero

Europe experience shows zero not lower bound for rates but there are potential obstacles to the US using negative rates