International Effects Of Recent Policy Tightening, Federal Reserve Vice Chairman Stanley Fischer At The IBRN-IMF Conference: The Transmission Of Macroprudential And Monetary Policies Across Borders, Washington, D.C.

I appreciate your invitation to participate in this afternoon's panel discussion. In my remarks, I will discuss how U.S. monetary policy actions affect our foreign trading partners, with particular focus on how foreign economies have responded to the Federal Open Market Committee's (FOMC) ongoing normalization of policy rates.¹