Fed’s Fischer: Yellen’s Speech Consistent with Possibility of 2 Interest-Rate Hikes This Year

No decisions ‘until we see the data,’ Fed vice chairman says

by Greg Robb
Market Watch

Federal Reserve Chairwoman Janet Yellen’s speech to the Jackson Hole summer retreat was “consistent” with a possible two rate hikes this year, her top deputy said Friday.

Asked during an interview on CNBC if investors should be on the edge of their seats for a rate hike as soon as September and for more than one rate hike this year, Fed Vice Chairman Stanley Fischer replied: “I think what [Yellen] said today was consistent with answering yes to both your questions, but these are not things we know until we see the data.”

Stocks turned negative and bond yields rose after Fischer’s comments.

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