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Former Fed official Fischer worried by Iran, international tensions
By Lawrence Delevingne (original source Reuters)
“Stanley Fischer, the former vice chairman of the U.S. Federal Reserve, said the Trump administration’s decision to pull out of the Iran nuclear deal and other geopolitical developments were cause for concern given the potential for international conflict.
“My internal VIX went up a lot,” Fischer said on Wednesday during the Context Leadership Summit in Las Vegas, a 750-person hedge fund-focused conference.
VIX refers to the CBOE Volatility Index .VIX, which measures expected volatility in the U.S. stock market. The VIX spiked in February amid a pullback in equities but has mostly declined since, including in May.”
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