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Federal Reserve
Fed's Fisher: could see full employment, 2-percent inflation by 2015

SAN FRANCISCO (Reuters) - The U.S. economy could be fully recovered from the effects of the financial crisis and recession as early as next year, a top Federal Reserve official said, flagging the possibility the U.S. central bank will need to raise interest rates sometime soon. "There are good reasons to believe that we'll achieve our full-employment and price-stability objectives fairly soon, perhaps as early as next year," Dallas Federal Reserve Bank President Richard Fisher wrote in an Economic Letter released Monday. "Do we keep the accelerator pedal to the floor right up to the point where we reach our destination? Or do we ease up as we near our goal?" ...