BREAKING NEWS

US Federal Reserve's Fisher says he was surprised by election outcome

By REUTERS

NOVEMBER 15, 2016 22:51

WASHINGTON - Federal Reserve Vice Chair Stanley Fischer said on Tuesday that he was surprised by the outcome of the US presidential election.

"If the question is were you surprised by the situation in the world on Wednesday...versus where it was two days before, the answer is yes," the central bank's second-in-command said at an event at the Brookings Institution in Washington.

Since Republican Donald Trump was elected US president last week, the 10-year Treasury yield has risen.

Fischer cautioned it is too early to fully assess market fallout and said market swings following Britain's vote to leave the European Union provided a cautionary example.

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