Patrick T. Harker, president of the Federal Reserve Bank of Philadelphia
Charles Mostoller | Bloomberg | Getty Images
Philadelphia Federal Reserve President Patrick Harker said Friday that it will take a significant amount of time before the U.S. sees unemployment figures return to their pre-coronavirus lows.
Harker, a voting member of the Federal Open Market Committee, also said he would be comfortable allowing inflation to rise as high as 3% so long as it does so at a slow and manageable rate.
“Right now, you’re seeing some signs of recovery, but basically it’s…