Federal Reserve Vice Chair Stanley Fischer said the central bank had identified a few areas of concern regarding economic stability, Dow Jones reported.
Speaking at the Brookings Institution in Washington Thursday, Fischer said the Fed plans to evaluate the U.S. dollar's strength in terms of effects on aggregate demand.
The Fed recently cut its growth outlook due to the higher dollar, as a number of committee participants fear a rising dollar could hurt U.S. exports, slow inflation, and harm U.S. competitiveness.
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Turning to the global economy, Fischer said the European Central Bank's move to implement greater emphasis on fiscal stimulus over austerity was "undoubtedly correct."