Fed's Harker sees no reason to tweak 2% inflation target right now

Federal Reserve Bank of Philadelphia leader Patrick Harker said on Thursday he sees no need to change the central bank's 2% inflation target right now.

While there will always be an active debate about the appropriateness of the 2% target in the economic community, "we're not changing it right now," the official said in comments after a speech in Philadelphia. "We have to do what we said we are going to do" and use central bank policy to hit the stated target.