Fed's Fisher: Fed closer to raising rates than generally expected

FXStreet (Bali) - Richard Fisher, President and CEO of the Federal Reserve Bank of Dallas, speaking at the Dallas Business Club on the state of the Texas economy and on monetary policy, is now answering questions from reporters, noting that the Fed is closer to raising rates than is generally expected.

Key headlines

Eliminating ‘considerable time’ vow on near-zero rates is ‘logical next step’

I don’t worry about below-2-pct inflation as long as it is supply-driven

Would not worry me if inflation rose briefly above 2 pct, if expectations stay anchored

Federal Reserve is closer to raising rates than is generally expected

Conditions for trimming balance sheet are more favorable now than when first advocated it

Views of fed policymakers are closer together than before because US economy is doing better

Part of my legacy will have been bringing non-theoretical input to fed meetings

Would not worry me if inflation rose briefly above 2 pct, if expectations stay anchored

Part of my legacy will have been bringing non-theoretical input to fed meetings