Investing.com – Fed deputy chair Stanley Fischer said Tuesday the U.S. is "very close" to full employment.
In an interview with Bloomberg, he gave no indication of the timing of any rate hike.
Fischer said Friday U.S. nonfarm payroll data could weigh on rate decision.
He noted that U.S. productivity remains weak.
In the event of tightening, Fischer did not say whether one hike would suffice.
"I don’t think you can say ‘one and done’ and that’s it,” Fischer said.