Fischer says Fed may be closer than thought to its inflation target

By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) - The Federal Reserve may quickly meet its 2 percent inflation target once the price of oil stabilizes and the dollar stops rising, Fed Vice Chairman Stanley Fischer said on Wednesday. "We’re not that far from the 2 percent target, when the price of oil stops falling and when the dollar stops appreciating," Fischer said at a meeting of the National Economists Club. Fischer acknowledged some of the forces holding down U.S. inflat