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Harker Says Inflation Could Take Up to Three Years to Reach 2%

Philadelphia Federal Reserve President Harker noted loose financial conditions may delay inflation's return to target levels.

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Terms & Concepts
  • Philadelphia Federal Reserve: One of twelve regional Reserve Banks in the U.S. central banking system, covering the Third Federal Reserve District.
  • Inflation Target: A benchmark rate, often set at 2%, that central banks aim to achieve to maintain economic stability.