Fed Board Governors and Stanley Fischer

stock markets: In a speech on Saturday, Stanley Fischer, the vice-chair of the Fed Board of Governors, suggested inflationary pressures could soon lead to an increase, according to The Guardian. His comments are likely to add to the volatility of already skittish markets. Related:Fed vice-chairman hints at interest rate increase in speech on inflation The markets open Monday as investors digest news that the Fed is still actively considering a September rate hike. Hundreds of billions of dollars were wiped out and, mostly, gained back on stock markets across the world last week as traders and investors panicked about a possible slowdown in the Chinese economy, the world second-largest. On Friday, the Dow closed down marginally for the day but up 1.1% for the week after rallying for two days on comments from Bill Dudley, the president of the New York Federal Reserve and the second-most important US central banker after Janet Yellen. In New York, the Dow Jones industrial average index lost 1,000 points last Monday – a day dubbed Black Monday by Xinhua, China official news agency. (news.financializer.com). As reported in the news.