A hawkish Federal Reserve policymaker applauded the U.S. Dallas Fed President Richard Fisher, who dissented against the central bank's September policy decision but reversed course last week, said the U.S. Despite a volatile market selloff in early October that also depressed some inflation readings, the Fed last week sounded a confident tone that both the labour market and inflation would strengthen. The fresh policy statement no longer described labour market slack as "significant," and it said that a rate rise could come sooner or later than expected depending on economic data, changes Fisher applauded.
via Business News http://ift.tt/1x1dtXc
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