Philadelphia Federal Reserve President Patrick Harker joined CNBC's "Squawk Box" to discuss the central bank's new inflation goal.
Harker endorsed a wait-and-see approach following a year in which the Fed cut three times.
Getting the Fed to move from its position may not be as tough as it seems if inflation picks up.
The idea came up as the White House brainstorms on ways to avoid a preelection economic slowdown, The Washington Post reports.
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.
It was the third trigger of the recession indicator in less than two weeks.
Interest rate hikes could come to an end for this cycle in 2019, Philadelphia Fed President Patrick Harker said Thursday.
Dallas Fed President Robert Kaplan says he's "open minded" about an interest rate hike in December, but he's "not there yet."
Market watchers expect as many as 125,000 jobs may have been wiped from the September nonfarm payroll due to Hurricanes Harvey and Irma.
a narrowing U.S. trade deficit in August lifted the dollar index as gold flattened.