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Senior US Fed official expects first rate hike in the spring

Richard Fisher, president of the Dallas Fed, said there are signs of financial excess in markets and that Texas wage-price pressures could become national

Reuters 

The Federal Reserve should start raising US interest rates in the spring, earlier than many investors currently expect, and should do so both slowly and gradually, a top Fed official said on Friday. "I personally would want to see, the date of our first move, I personally expect it to occur in the spring and not in the summer as it seems the markets are discounting," Dallas Federal Reserve Bank President Richard Fisher said in an interview on Fox Business Network. Already there are signs of financial excess in markets, he said, and although inflation currently is not a ...

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First Published: Fri, September 19 2014. 22:01 IST
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