Last week, it looked like markets had bullied the US
Federal Reserve into delaying interest rate increases, but over the weekend one of the central bank’s most senior and respected policymakers fought back.
Stanley Fischer, Fed vice-chairman and the only board member aside from Janet Yellen who has actually run a central bank before (the Bank of Israel) did not overtly insist that a September rate rise was still on the table, but his message was clear.
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