President of the US Dallas Federal Reserve (Fed) Bank Richard Fisher suggested on Wednesday that the US Fed is near the final stages of its tightening cycle after lifting key rates by two percentage points.

He said in an interview with CNBC television that "We're clearly in the eighth inning of a tightening cycle."

"There is room to tighten a little bit further. Then we will see how we are standing against inflation," Fisher said.

Fisher is a member of Fed's policy-making body -- the Federal Open Market Committee and some analysts said that it is a hint that the Fed is near the end of the final stages of its current monetary tightening.

The US Fed has raised short-term interest rates eight times since June of last year and pushed the US federal fund rate to 3 percent from a forty-year low of 1 percent.

Source: Xinhua