Federal Reserve Harker: Need to shift toward restrictive monetary policy to reduce inflation

Odaily Planet Daily News: Federal Reserve official Harker recently spoke out: 'The Federal Reserve has performed very well in its employment mandate, but has consistently fallen short on its inflation mandate for years. Recent inflation data shows it is moving in the wrong direction. We need to shift toward restrictive monetary policy to reduce inflation. I am concerned that the U.S. economy may develop an inflation mindset.' (Jinshi)