Fed's Fischer: "Not that simple" for Fed to influence short and long-term interest rates

Speaking at the Economic Club of New York, Fed's Vice Chairman Stanley Fischer stated that is not simple for the Federal Reserve to influence short and long-term interest rates.

Key headlines (via Reuters):

• Multiple factors holding down neutral interest rate including demographics, productivity
• Low rates makes economy more vulnerable to adverse shocks that could lead to recession
• Neutral interest rate could be boosted by rebound in investment, expansionary fiscal policy
• Says no current sign of heightened threat of financial stability from low interest rates