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Fed's Fisher sees 'significantly' earlier interest rate hike

[August 01, 2014]  (Reuters) - Strong U.S. economic data, and in particular stronger inflation readings, have moved the U.S. central bank "significantly" closer to its first rate hike, a top Federal Reserve official said on Friday.

"It would seem to me, and I have been arguing this, that the date of so-called 'liftoff' has been moved forward," Dallas Federal Reserve Bank President Richard Fisher said on CNBC.

"I feel personally that we are closer to liftoff than we were, people felt we were, the market assumed we were, sometime late in 2015," Fisher said. " believe personally we have moved that forward, significantly."

Fisher, a voter this year on the Fed's policy-setting panel, has said he is worried the Fed will move to counter inflation too late.

(Reporting by Ann Saphir Editing by W Simon)

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