Fantastic Fischer
04/29/2014 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist, Stanley Fischer
With his Senate confirmation guaranteed, Stan Fischer will soon become Vice Chairman of the Fed. He brings spectacular credentials. He was most recently Governor of the Bank of Israel where he did a masterful job of aggressively slashing interest rates and buying long-dated bonds and then raising rates as early as late 2009. He is firmly against calendar- or outcome-based forward guidance as it limits flexibility. Expect none going forward.