Steve Rattner: The Fed Remains Completely Committed to Getting Back to 2% Inflation

EXCERPT:

RATTNER: “I think he was very clear in his testimony, and I've been talking to some other Fed officials who say the same thing, which is that basically the Fed remains completely committed to getting back to 2 percent inflation, which is not nearly where we are at the moment, and that is going to mean higher interest rates, probably not at their meeting in July, but later this year.”