Fed's Fisher 'comfortable' with rate increase pace

Richard Fisher, president of the Federal Reserve Bank of Dallas, said strong US growth has put inflation pressures in the spotlight but they still appear to be under control.

"There is obviously always going to be concern at the Fed that we don't let inflation raise its hideous head. But presently it looks like it is well contained," he told reporters during a telephone conference call in his first media appearance since starting the job on April 4.

``The economy looks to be in fairly good shap