Fed’s Fischer: China Issues Could Hurt US

Fed’s Fischer: China Issues Could Hurt US
A man reads a newspaper with a front page headline that reads "China's GDP grows at 6.9 percent" in Beijing on Jan. 19, 2016. China's economy grew at its slowest pace in a quarter of a century last year as it undergoes a difficult transition. WANG ZHAO/AFP/Getty Images
Valentin Schmid
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Of course, he did not say it exactly like that.

When Fed Vice Chairman Stanley Fischer spoke at the Council on Foreign Relations on Feb. 1 he said that “structural adjustments in China” were causing volatility in global assets markets.

Federal Reserve Vice Chairman Stanley Fischer (R) talks to Bloomberg editor at large Tom Keene (L) at the Council on Foreign Relations in New York on Feb. 1, 2016 (Council on Foreign Relations)
Federal Reserve Vice Chairman Stanley Fischer (R) talks to Bloomberg editor at large Tom Keene (L) at the Council on Foreign Relations in New York on Feb. 1, 2016 Council on Foreign Relations
Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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