Fed's Vice President Stanley Fischer said the Fed is approaching its goals and this situation has strengthened expectations of an interest rate increase in near future. He stated that the Bank is moving closer to its goal of maximum employment and price stability, so this situation would reinforce the reasons for the increase of interest. Fischer also expressed that monetary policy is not in a predetermined path under today's world market conditions. Fischer also said he is optimistic that it will be manageable for the normalization of external economies in the United States. The main indicators of the developing country's economy significantly improved as compared to last years, therefore, the more easily they can handle the risks, he said. Fischer's thoughts are showing that they don't renounce the interest increase after election of the new American President Donald Trump. This year, Fed meeting will be organized in 13 and 14 December.
- Date: 12 November 2016 Sat 10:36
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