Jul
06
Fed’s Fischer Says Fiscal-Policy Uncertainty Denting Investment
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Fed vice chair calls decline in govt-funded R&D ‘disturbing’
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Says more clarity on govt policy would be ‘highly desirable’
Uncertainty surrounding U.S. government policy may be holding back economic growth because of its negative impact on business investment, Federal Reserve Vice Chairman Stanley Fischer said.
A “cautious approach to investment” by U.S. companies “may in part reflect the uncertainty about the policy environment,” Fischer said Thursday in remarks prepared for a speech in Vineyard Haven, Massachusetts. “Mitigating the damping effect of uncertainty by providing more clarity on the future direction of government policy is highly desirable.”…
Fed’s Fischer Says Fiscal-Policy Uncertainty Denting Investment
