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Economy

Fed vice chair downplays Brexit impact on U.S.

By Joseph Lawler
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Fed vice chair downplays Brexit impact on U.S.

Federal Reserve vice chairman Stanley Fischer suggested Friday morning that the U.S. might be able to avoid severe fallout from the decision by British voters to leave the European Union.

“My guess is that it will be less important for the U.S. than for the countries directly involved,” Fischer said in an interview on CNBC. “And, we’ll wait and see.”

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Brexit Federal Reserve Joseph Lawler Minusextra Monetary Policy Stanley Fischer