Fed's Fischer speaking to Bloomberg TV
Expects the labour market to strengthen further and inflation moving towards the 2% target
Policy is not based on political pressure
Policy is still accommodative
Growth has started happening
Expects gradual rate hikes, possibly years to reach the equilibrium level
We are currently around full US employment
US economy is one of the most dynamic in the world
Headline inflation is above 2.0%, so we're at the Fed's target but they like to look at PCE, which is currently running at 1.6% (core at 1.7%).
