Fed's Harker - Inflation "continues to elicit caution" about its weakness
|Fed's Harker, while speaking at the Global Interdependence Center conference in Tokyo said that inflation "continues to elicit caution" about its weakness and also about the way in which it is measured.
Key quotes (via Reuters)
- Raising rates, shedding bonds in part about preparing for economic shock.
- Cautious about low-inflation conundrum, expects rebound.
- US economy at full strength, very little slack in labor market.
- Has 'lightly penciled in' December US rate hike.
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