By Reuters Staff
1 Min Read
(Reuters) - Philadelphia Federal Reserve President Patrick Harker told CNBC on Thursday he was not concerned about inflation right now and he does not see it “running out of control.” I don t see it roaring past 2% anytime soon so I m not so worried about that risk right now, Harper said in an interview cnb.cx/3rHLKNG.
Last month he said the Fed was 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.
Reporting by Kanishka Singh in Bengaluru
Black workers, women and others in low-paying jobs were more likely to become unemployed during the pandemic, faced greater health risks if they did keep working and are being pushed out of the labor market at faster rates, according to research released by the Federal Reserve.
Stocks rise as US and China inflation data comes into focus yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Invoking post-World War II efforts to reach full employment and pledging continued loose monetary policy to help the process, Federal Reserve Chair Jerome Powell made a broad call Wednesday for a "society-wide commitment" to get Americans back to work, particularly minorities.
Read more about Fed s Powell calls for broad national drive to full employment on Business Standard. The United States remains about 9 million jobs short of where it was a year ago