Fed’s Fischer: Falling unemployment will lead to higher inflation

By FXStreet FXStreet (Bali) – Vice chair of the Federal Reserve Stanley Fischer, speaking at the National Economists Club annual dinner, keeps crossing the wires, now going through Q&A.

Headlines – via Reuters

Current US deficits ‘pretty respectable’ as share of GDP

Banks did not lend as aggressively as the Fed expected

Credit crisis a shock to confidence that is still holding back investment

Says low productivity growth may be holding back real wage growth

Believes falling unemployment will lead to higher inflation

Says spending on infrastructure in US would be a good investment for the country
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Source:: FX Street