Fischer Says Temporary Inflation Factors Still a Fed Concern
(Bloomberg) -- Federal Reserve Vice Chairman Stanley Fischer talks about central bank policy and the U.S. economy. Fischer speaks with Tom Keene on Bloomberg Television's "Surveillance." (Source: Bloomberg)
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Federal Reserve Vice Chairman Stanley Fischer said low U.S. inflation, while probably restrained by temporary factors, remains a concern as the labor market nears a sweet spot.
“A large part of the current inflation is temporary,” Fischer said in an interview Monday with Tom Keene on Bloomberg Television. After the effects of cheaper oil and other raw materials dissipate, “these things will stabilize at some point, so we’re not going to be as low as we are forever.”