WASHINGTON (Reuters) - Federal Reserve Vice Chair Stanley Fischer said on Tuesday that he was surprised by the outcome of the U.S. 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 U.S. 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.
Also Read
(Reporting by Patrick Rucker and Lindsay Dunsmuir; Editing by Chizu Nomiyama)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
