Federal Reserve Vice Chairman Stanley Fischer said Friday that it was too soon to tell whether Britain's vote to leave the European Union had changed the U.S. economic outlook.
"We're going to have to wait and see," Fischer said during an interview on CNBC's "Squawk on the Street." "It clearly is a huge event for the U.K., and it's an important event for Europe."
"Our direct trade with Britain is not going to make a huge difference to us, but ... there are a lot of things that will follow from Brexit for Europe, for the United Kingdom, and those are the things we'll have to be thinking about," he said.
Among his concerns are how quickly the British economy can reach its new configuration and the prospect that other EU members could follow the U.K.'s example.
Asked whether the Fed would have a comprehensive view of a Brexit impact on markets by its next meeting, which is scheduled for this month, Fischer would only say policymakers will have a more complete view by that time than they have now.
Fischer said U.S. economic data have "done pretty well" since May's disappointing jobs report, which was widely seen as keeping the Fed from raising rates in June. Those figures are more important for the U.S. outlook than a Brexit, he said.
The U.S. added just 38,000 jobs in May, after an initial reading of 160,000 new jobs in April that was later revised down to 123,000 positions.
Fischer said he did not believe the April report was weak and asserted monthly payroll growth of 160,000 is "more than adequate" to keep employment on the rise.