Fed’s Fischer says first quarter doldrums only temporary

• April 24, 2017
• realestatelife
• Business & Markets, Real Estate Finance

Weak growth in the U.S. economy in the first quarter will likely be temporary and interest-rate hikes should be able to proceed as planned, Federal Reserve Vice Chairman Stanley Fischer said Friday. “Our tendency is to think this [weakness in the first quarter] is a transitory change and that growth will be around forecasts in the second quarter and the rest of the year,