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Fed's Fischer urges no further limiting of emergency lending rules

Published 07/17/2015, 11:08 AM
Updated 07/17/2015, 11:15 AM
© Reuters. U.S. Federal Reserve Vice Chair Fischer addresses The Economic Club of New York in New York

WASHINGTON (Reuters) - Federal Reserve Vice Chair Stanley Fischer said on Friday there should be no further limits put on the U.S. central bank's emergency lending powers.

In response to a question following a speech to the U.S. Chamber of Commerce in Washington, Fischer said the Fed could work with the post-financial crisis restrictions on the types of companies it could lend to.

© Reuters. U.S. Federal Reserve Vice Chair Fischer addresses The Economic Club of New York in New York

But he said the process had gone as far as it should.

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