Fed encouraged to act as FOMC members eye new data

Stanley Fischer
Stanley Fischer at the Bank of Israel. Photo by David Vaaknin.
David Vaaknin

Public officials from a host of countries across the globe want the Federal Reserve to go ahead and raise interest rates, according to Fed vice-chair Stanley Fischer – who still expects to begin normalising monetary policy this year.

Fischer's comments were informed by discussions at the International Monetary Fund and World Bank annual meetings in Lima last week. "Many officials of emerging market and other countries feel sufficiently forewarned and prepared for them to want us to 'just do it'

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