Fed's Fischer says persistent volatility could harm U.S.

If recent market volatility persists it could signal a slowdown in the global economy that hurts U.S. growth and inflation, the Federal Reserve's second-in-command said on Monday. Fed Vice Chairman Stanley Fischer, however, warned about jumping to conclusions given that some past bouts of financial market turbulence have not harmed the world's largest economy. "At this point, it is difficult to judge the likely implications of this volatility," Fischer said in a speech less than a week after the