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Fischer Says Fed Must Set Its Rate Path Based on Incoming Data

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Fed's Fischer: I Don’t Think You Can Say 'One and Done'

Federal Reserve Vice Chairman Stanley Fischer said incoming economic data will determine the trajectory of interest-rate increases and expressed optimism that productivity growth will rebound.

“The work of the central bank is never done, and I don’t think you can say ‘one and done’ and that’s it,” Fischer said, speaking Tuesday on Bloomberg Television with Tom Keene in Washington. Fischer had been asked if a solitary rate increase was possible. “We can choose the pace, but we choose the pace on the basis of data that’s coming in.”