NY Fed candidate Fischer favours inflation targets

A leading contender for the job of president of the New York Fed, Stanley Fischer, expressed his support for inflation targeting on Tuesday saying "Inflation targeting is a good way to conduct monetary policy".

Source: Reuters

Stanley Fischer, a leading candidate for president of the powerful Federal Reserve Bank of New York, said on Tuesday he favours inflation targeting as a tool of monetary policy.

Fischer, the former no. 2 official at the International Monetary Fund and current vice chairman