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The Fed won`t wait for 2% inflation to raise rates: Fischer

Federal Reserve Vice Chairman Stanley Fischer warned Saturday that the US central bank will not wait for inflation to hit two percent before raising interest rates.

Fed nominee Fischer clears procedural hurdle in US Senate

Stanley Fischer`s nomination to be vice chairman of the U.S. Federal Reserve cleared a key procedural hurdle in the Senate on Tuesday, virtually assuring that the noted economist will join the central bank`s board within days.