Fed's Fischer Says Two More 2017 Hikes Still Feels Right
- GDP growth likely to pick up after weak first quarter
- Sees positive changes throughout much of global economy
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Federal Reserve Vice Chairman Stanley Fischer said a recent patch of weak economic data likely won’t throw the U.S. central bank off track for two more interest-rate increases this year.
“There are reasons to think that the first quarter was, again, below what the rest of the year will be,” Fischer said Friday in an interview on CNBC.