Dallas Fed’s Fisher Says Stock Volatility Will not Make Central Bank Pause

The recent stock market volatility that has sent U.S. stock indexes in and out of correction territory should not give the Federal Reserve pause as it prepares to hike interest rates, former Dallas Federal Reserve President Richard Fisher said Thursday.

The central bank could potentially raise rates for the first time in more than nine years when policymakers meet this month.

“I don’t think it changes very much because our domestic economy is very strong,” Fisher told CNBC’s “Squawk Box.” “I think people have come around to that.”

Fisher said the U.S. economy continued to “chug along” despite severe stock market corrections in 1962 and 1987.

“I see no reason personally—setting aside my own views but looking at the real economic numbers—for hawks or doves or anybody in between to want to delay this beyond September or October,” he said.

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza