Fed's Fischer signals 2016 rate hike still possible Add to ..

August 22, 2016 1:20 AM

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U.S. Federal Reserve vice chairman Stanley Fischer signalled that a 2016 rate hike is still under consideration, saying the U.S. economy is already close to meeting the central bank’s goals and that growth will gain steam.

“We are close to our targets,” Mr. Fischer said in a speech at the Aspen Institute in Aspen, Colo., on Sunday. “Looking ahead, I expect GDP growth to pick up in coming quarters, as investment recovers from a surprisingly weak patch and the drag from past dollar appreciation diminishes,” he added, wi...

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