Fed’s Harker says central bank won’t let inflation run out of control

Fed’s Harker says central bank won’t let inflation run out of control

(Reuters)

The
Federal
Reserve
is
going
to
keep
interest
rates
“low
for
long”
as
it
supports
the
healing
labor
market
and
works
to
kindle
higher
inflation,
but
it
will
not
let
inflation
get
out
of
control,
Philadelphia
Fed
President
Patrick
Harker
said
on
Wednesday.

“We’re
willing
to
overshoot
inflation
a
little
bit,
not
let
it
run
out
of
control,”
Harker
said
during
a
virtual
event
organized
by
the
Chamber
of
Commerce
for
Greater
Philadelphia.
“But
let
it
ride
a
little
above
2%
and
bring
the
labor
markets
back
to
health.”


Disclaimer:


Fusion
Media

would
like
to
remind
you
that
the
data
contained
in
this
website
is
not
necessarily
real-time
nor
accurate.
All
CFDs
(stocks,
indexes,
futures)
and
Forex
prices
are
not
provided
by
exchanges
but
rather
by
market
makers,
and
so
prices
may
not
be
accurate
and
may
differ
from
the
actual
market
price,
meaning
prices
are
indicative
and
not
appropriate
for
trading
purposes.
Therefore
Fusion
Media
doesn`t
bear
any
responsibility
for
any
trading
losses
you
might
incur
as
a
result
of
using
this
data.


Fusion
Media

or
anyone
involved
with
Fusion
Media
will
not
accept
any
liability
for
loss
or
damage
as
a
result
of
reliance
on
the
information
including
data,
quotes,
charts
and
buy/sell
signals
contained
within
this
website.
Please
be
fully
informed
regarding
the
risks
and
costs
associated
with
trading
the
financial
markets,
it
is
one
of
the
riskiest
investment
forms
possible.

Category Latest Posts