Fischer Echoes Yellen Seeing Economy on Fed's Rate Hike Path
- Inflation and employment are consistent with Fed projections
- Fischer reiterates that rate increases will be gradual
Fed's Fischer Sees U.S. Moving Toward 2% Inflation Target
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Federal Reserve Vice Chairman Stanley Fischer said the central bank is nearing its dual goals and seems to be headed for its anticipated monetary policy path, which officials’ December projections put at three increases this year.
“I don’t want to give you numbers on two or three, but this is consistent with what we had thought should be happening around now -- that is that we’d be moving closer to the 2 percent inflation rate, and that the labor market would continue to strengthen,” Fischer said Thursday on Bloomberg Television in an interview with Tom Keene. “If those two things happen, we’ll be on the path that we more or less expected.”