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Fed Vice-Chairman Stanley Fischer: the Fed will raise its interest rate before the end of the year | 23.03.2015

 

The Federal Reserve Vice-Chairman Stanley Fischer said on Monday that the Fed will raise its interest rate before the end of the year.

 

 

"A smooth path upward in the federal funds rate will almost certainly not be realized, because, inevitably, the economy will encounter shocks", Fischer noted.

 

 

He pointed that when the Fed starts to hike its interest rate, interest rate could move "up and down" depending on the economy's performance.



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