Fed's Fischer Hints At Global Economic Jitters

(RTTNews) - The Federal Reserve is paying close attention to the impact of huge stock market losses to start the year, Fed Vice Chairman Stanley Fischer said Monday.

"At this point, it is difficult to judge the likely implications of this volatility. If these developments lead to a persistent tightening of financial conditions, they could signal a slowing in the global economy that could affect growth and inflation in the United States," he said in New York.

Fischer was considerably more hawkish in remarks made in the aftermath of December's rate hike, as he predicted that four rates in 2016 were "in the ballpark."