DUBLIN, Sept 29 (Reuters) - The U.S. Federal Reserve is moving "slowly but surely" towards its 2 percent inflation target and a continued normalisation of monetary policy could boost lagging business investment, Philadelphia Fed President Patrick Harker said on Thursday.
"If you look at the statistics in the US, save inflation and I think we're moving slowly but surely towards our 2 percent target, the one area that has lagged is business investment," Harker told a conference in Dublin.
"A continued normalisation of our monetary policy would be a good thing in terms of possibly bringing back some business investment."
(Reporting by Padraic Halpin; Editing by Toby Chopra) ((padraic.halpin@thomsonreuters.com; +353 1 500 1529; Reuters Messaging: padraic.halpin.thomsonreuters.com@reuters.net))
"If you look at the statistics in the US, save inflation and I think we're moving slowly but surely towards our 2 percent target, the one area that has lagged is business investment," Harker told a conference in Dublin.
"A continued normalisation of our monetary policy would be a good thing in terms of possibly bringing back some business investment."
(Reporting by Padraic Halpin; Editing by Toby Chopra) ((padraic.halpin@thomsonreuters.com; +353 1 500 1529; Reuters Messaging: padraic.halpin.thomsonreuters.com@reuters.net))
