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The Fed won't wait for 2 pct inflation to raise rates: Fischer

Federal Reserve Vice Chair Stanley Fischer speaks in Washington, DC on October 9, 2014Federal 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. Fischer said he was confident that US inflation was on track to meet the two percent target that the Fed considers a sign of a healthy economy, even though changes in the personal consumption expenditure index “have recently been only above zero” due to temporary factors like declining oil prices.

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