Fischer Expects Muted Market Response When Fed Trims Balance Sheet
- Major market disturbances seen less likely than 2013 turmoil
- Market response so far has been muted, Fed vice chair says
Fed's Fischer Doesn't See Taper Tantrum Redux
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Federal Reserve Vice Chairman Stanley Fischer said he doesn’t see a replay of the so-called taper tantrum of 2013 as the central bank rolls out its plan for reducing its big balance sheet.
In a prepared for delivery at Columbia University in New York, Fischer said that the muted response of investors so far to the emerging details of the plan suggests that the out-sized financial market moves seen four years ago probably will be avoided.