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Fed's Fischer sees inflation rebound, allowing gradual rate hikes

Last Updated: Sunday, August 30, 2015, 09:17

US inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown.

The Fed won`t wait for 2% inflation to raise rates: Fischer

Last Updated: Saturday, August 29, 2015, 22:26

Federal Reserve Vice Chairman Stanley Fischer warned Saturday that the US central bank will not wait for inflation to hit two percent before raising interest rates.