The Fed has 'time to wait' while hiking rates, former vice chair Fischer says
May 09, 2018 at 14:30 PM EDT
Inflation continues to be pretty much as subdued as it was when Stanley Fischer stepped down from the Fed, the former central bank vice chairman said Wednesday. As his former colleagues plan to continue what has been a steady rate-hiking cycle, Fischer said they have "some time to wait" as conditions unfold.