Fischer Says Inflation Won’t Return Without Stronger Growth

Bank of Israel Governor Stanley Fischer said inflation won’t significantly accelerate until economic growth picks up and the jobless rate declines.

“Serious inflation is not likely to return until aggregate demand strengthens and unemployment rates come down,” Fischer said in a speech today at the International Monetary Fund in Washington. He didn’t refer in his comment to a particular country.

To contact the reporter on this story: Jeff Kearns in Washington at jkearns3@bloomberg.net

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