Fischer: Two more interest rate hikes still feels right

Fischer: ‘A large part of the upbeat tone comes from the fact that China is doing better, Europe is doing better. We’re seeing positive changes throughout much of the world.’ — Reuters

WASHINGTON: Federal Reserve vice chairman Stanley Fischer said a recent patch of weak economic data likely won’t throw the US central bank off track for two more interest-rate increases this year.

“There are reasons to think that the first quarter was, again, below what the rest of the year will be,” Fischer said last Friday in an interview on CNBC.