Economic performance will determine when the Fed raises U.S. interest rates from near zero, he said, adding he hopes to tighten policy this year.
Consumer prices rose in March, a sign that should keep the Fed on course to start raising interest rates this year.
U.S. consumer sentiment rose more than expected in April, a survey released on Friday showed.
The number of Americans filing new claims for jobless benefits unexpectedly rose, but the trend continued to point to a strengthening labor market.
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