US inflation target within ‘hailing distance’, says Fischer
The Fed is “close” to its targets, says vice-chair
The vice-chair of the Federal Reserve's Board of Governors has said the central bank is close to meeting both its targets for the US economy.
Speaking in Aspen on August 21, Stanley Fischer refrained from offering his views on the interest rate outlook but did note core inflation is within "hailing distance" of the Fed's 2% target; employment, he said, has also increased "impressively" since it hit a trough in 2010.
"We are close to our targets," Fischer said. "I expect GDP growth to pick up in
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