The Federal Reserve is close to hitting its targets for US employment and 2% inflation, according to the central bank’s vice chairman, Stanley Fischer. In a speech in Colorado, the Fed’s number two policymaker was upbeat about the economy’s recovery and prospects. “We are close to our targets,” he said on Sunday, adding that jobs growth had been “remarkably resilient”. He did not mention interest rates, but the remarks are likely to fuel debate about when they may rise. Mr Fischer said this year’s pace of jobs growth, although slower than in 2015, was “more than enough” for the labor market to continue to improve.
Federal Reserve ‘close to meeting targets’ for US economy
