Fed should not follow rules-based approach: Fischer

May 5, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

(Reuters) – Fed Vice Chairman Stanley Fischer on Friday issued a firm defense of the U.S. central bank’s decision not to follow a mathematical rule when deciding monetary policy as Republicans in Congress renew efforts to curb the current consensus-based approach.