Federal Reserve Vice Chairman Stanley Fischer said the Federal Open Market Committee’s median estimate for two more rate hikes this year “seems about right.”
“That’s my forecast as well,” Fischer said in an interview with CNBC on Tuesday.
U.S. central bankers are gradually removing monetary stimulus as inflation moves back to their 2 percent target. Fed officials forecast they would raise interest rates two more times this year after hiking earlier this month, according to their predictions released March 15.
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