Fed's Plosser: capital flows to Asia not threatening

SINGAPORE (Reuters) - A top U.S. Federal Reserve official said on Thursday that capital flows to Asia have not reached levels that are threatening.

"At this point I don't see any reason to be concerned about it yet," Philadelphia Federal Reserve Bank President Charles Plosser told reporters after a speech in Singapore.

Plosser, who is not a voter on the Fed's policy-setting committee this year but is seen as one of the most hawkish Fed officials on inflation, said recently he is not worried about inflation in the near-term.

(Reporting by Neil Chatterjee and Nopporn Wong-Anan; Writing by Kevin Lim; Editing by Kim Coghill)