Aug 5 A top Federal Reserve official known for
his hawkish policy views said Tuesday the Fed is on track for an
earlier rate rise than he and his colleagues had forecast just a
few months ago.
"I think the committee, as I listen to them and I can only
speak for myself around that table during two days of
discussion, is coming in my direction, so I didn't feel the need
to dissent," Dallas Federal Reserve Bank President Richard
Fisher said on Fox Business Network.
"We are going to have to move the date of liftoff further
forward than had been projected the last time we issued the
'dots'" he said, referring to the official Fed forecasts for
short-term interest rates, last issued in June.
Fisher said that if his colleagues do not continue to move
in the direction of tightening monetary policy, "I will
(Reporting by Ann Saphir; Editing by Meredith Mazzilli)