Fed's Fischer Foresees Smooth U.S. Rate Liftoff, Little Impact On Global Economy

The Federal Reserve is unlikely to disrupt the global economy when it finally gets around to raising interest rates, the central bank's No. 2 official said on Saturday, seeking to ease concern the move could upend the flow of capital to emerging markets. "The normalization of our policy should prove manageable," Fed Vice Chairman Stanley Fischer said in an address at the International Monetary Fund's annual meeting. In addition, he said U.S. central bank officials have given ample time and clear signals about their intentions, providing other national governments and investors plenty of time to prepare for a shift in policy. http://us.rd.yahoo.com/finance/news/rss/story/SIG=14ijomvc9/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12fdbt2ia/*http%3A//finance.yahoo.com/news/feds-fischer-foresees-smooth-u-211120063.html?l=1 http://www.wochit.com