DALLAS — Dallas Federal Reserve Bank president Richard Fisher indicated Monday it would take a lot to convince him that the Fed needs to resume cutting interest rates, but also said he is not prepared yet to argue that it’s time for the Fed to start raising rates.

While expressing concern about inflation and inflation expectations, Fisher said that the rebound in the value of the dollar and the decline in the price of gold are hopeful signs that the markets have confidence in the Fed’s determination to curb inflation.

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