Fed's Departing Vice Chair On Stocks, The Federal Debt And Transparency

Stanley Fischer, who is resigning as Federal Reserve vice chair, says releasing transcripts of Fed meetings immediately could inhibit frank discussions among policymakers.

Stanley Fischer says that despite record highs in the stock market — boosted by the Fed’s low interest rates — he doesn’t see a bubble. But he says the U.S. debt could be a problem if rates go up.

(Image credit: Jennifer Kerrigan/NPR)