Stanley Fischer: The Federal Reserve and the global economy Speech by Mr Stanley Fischer, Vice Chair of the Board of Governors of the Federal Reserve System, at the Per Jacobsson Foundation Lecture, 2014 Annual Meetings of the International Monetary Fund and the World Bank Group, Washington, DC, 11 October 2014.
In one direction, the accumulation of good news about the trend path for the Irish economy calls for the political system to make proportionate decisions about the paths for public spending and taxation, given the extra fiscal capacity to meet social preferences for increased provision of public services, increased transfers, expanded public investment or an adjustment in the tax burden.