Name:   GoneFishin - Subject:   News The RIGHT Hates To Accept Date:   11/4/2016 4:29:37 PM

Interesting statement fro Vice Chair of The Fed Reserve.

The U.S. labor market is close to full strength and the economy could at some point overshoot the Federal Reserve's goals for employment and inflation, Fed Vice Chairman Stanley Fischer said on Friday.

Fischer did not say whether the Fed was likely to raise interest rates in December but he noted that investors in financial markets were betting on a hike that month.

"The labor market has, by and large, had a pretty good year," Fischer said in prepared remarks for a conference at the International Monetary Fund, describing the jobs situation in America as "close to full employment."

U.S. employers added 161,000 jobs in October, data showed earlier on Friday, and Fischer said the economy probably only needs to create between 65,000 and 115,000 per month to maintain full employment.