NEW YORK, March 20 Philadelphia Federal Reserve
president Patrick Harker, echoing the comments of at least two
of his colleagues at the Fed, said the U.S. central bank will
push inflation a bit above its 2-percent target even as it
continues to gradually raise interest rates.
With the Fed's preferred inflation gauge currently at 1.7
percent, it is "within shooting distance of our target" of 2
percent, Harker said on CNBC. "We are moving in the right
direction. There will be a little bit of an overshoot and that's
ok. It's appropriate."
The comments mirrored those of Fed Chair Janet Yellen on
Wednesday and Chicago Fed President Charles Evans earlier on
(Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)