Fed’s Harker Says Central Bank Won’t Let Inflation Get Out Of Control By Reuters

Connecticut infrastructure funding in question: state report

(Reuters) – The Federal Reserve will keep interest rates “low for a long time” as it supports the labor market recovery and works to drive higher inflation, but will not allow inflation to spiral out of control, the president said. of the Philadelphia Fed, Patrick Harker, on Wednesday. “We are willing to beat inflation a little bit, not let it get out of control,” Harker said during a virtual event hosted by the Greater Philadelphia Chamber of Commerce. “But let’s let it go a little above 2% and bring the labor markets back to health.”

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of 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 information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.