Economics
Fischer Says Fed May Slow Rate Rises If World Growth Falters
Fed's Fischer Says Rate Debate Driven by Data, Not Date
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Federal Reserve Vice Chairman Stanley Fischer said policy makers will consider global growth as they begin to raise interest rates, and that they could increase borrowing costs more gradually should the world economy falter.
“If foreign growth is weaker than anticipated, the consequences for the U.S. economy could lead the Fed to remove accommodation more slowly than otherwise,” Fischer said in a speech Tuesday at Tel Aviv University. His prepared comments were similar to remarks he delivered in October.