Vice Chairman of Fed still concerned about low inflation

In an interview with Bloomberg TV, U.S. Federal Reserve Vice Chair, Stanley Fisher expressed mixed feelings about bond markets factoring in a 60% probability of a raise in September.  Mr. Fischer said that a large part of the low inflation figure was transitory and had a lot to do with the fall in the price of oil and that rates would not stay low forever.  However, he added that "The concern about this situation is not to move before we see inflation as well as employment returning to more normal levels,".  Bond yields fell slightly indicating a mild shifting of expectations to December.