Low productivity growth, caused in part by weak investment, is hampering long-term USA economic growth prospects and should be a critical focus for policymakers, Quarles said.
In an interview on Bloomberg Television, Minneapolis Fed President Neel Kashkari said he has "hope" that inflation is picking up (http://www.marketwatch.com/story/fed-cant-make-policy-on-market-blips-kashkari-says-2018-02-21), and that the US central bank "can't make policy based on market blips, up and down".
The Fed cited the strength of recent economic data, accommodative financial conditions and the impact of a major tax cut that took effect in January, which it said might deliver a larger-than-expected increase in near-term economic growth.
Philadelphia Federal Reserve Bank President Patrick Harker on Wednesday said he still thinks just two interest-rate hikes this year is "likely appropriate", but signaled he is open to more if needed. Fed staff projected they expect to meet that goal by 2020.
The spending boost has caused some economists to project the Fed will need to raise rates faster this year and next to keep the economy from overheating.
In December, the Fed's preferred inflation gauge, excluding volatile food and energy categories, rose 1.5% from a year earlier.
Most market players believe Fed policymakers will decide on an additional rate hike at their next meeting in March.
"The minutes were more balanced in my view as the recent uptick in volatility will have as much bearing on Fed policy decisions as the subtle rise in inflation", said Stephen Innes, APAC trading head for OANDA.
The minutes of the Fed's late January meeting, made public Wednesday, showed an even rosier view of the economy than officials held at the end of previous year.
But inflation pressures weakened, puzzling Fed officials and arguing in favor of slowing the pace of rate rises.
However, a couple of officials expressed their concerns that there was little evidence of meaningful improvement in inflation outlook.
But officials haven't shown conviction in that outcome, noting companies might instead use higher after-tax profits to reduce debt, buy back stock or acquire other firms.
Participants also noted that employers across the United States had difficulty filling openings or retaining workers with the unemployment rate at a 17-year low.
"We debate each word change in the statement - a lot of debate goes into those - and I think "further" is meant to say continuing the current path that we're on", he said in a Bloomberg interview with Michael McKee before the minutes were published.
At the January meeting, "almost all" Fed members - more than previously - said they expect inflation to hit the bank's 2% target over the medium term, bolstering the case for future rate rises.
I bring all this up because that insane par kind of sums up Woods' return to competitive golf. "Today was not easy". Thick rough and an ever-present wind also provide a challenge for players at the Champion Course.
On an easy night for Chelsea , here are four winners and three losers . "For sure, his performance was impressive", Conte said. If this was the best selection Adkins could conceivably put out, they still desperately needed a solid start.
That's [about] half, right? "But we've got to get back to playing really well, too", the Celtics' Jaylen Brown said. It's happened way too often that the Western Conference Finals have been more competitive than the Finals itself.
The daily had claimed that the bride filed for the dissolution of her marriage with a government servant some months back. The news of third wedding of Imran Khan broke the Internet. 65-year-old Khan's previous two marriages ended in divorce.
Israeli air forces conducted airstrikes on agricultural lands east of Rafah City in the southern Gaza Strip on Monday at dawn . On Monday, he announced details of a $9 million emergency fund for addressing fuel and medicine shortages.
As for President Trump, he is spending at least part of the day at his Florida golf course, according to national reports. Polk or Millard Fillmore in USA history? It's been rough for George Washington's birthday, officially and unofficially.
The 5.2-meter (17.1-foot) diameter payload fairing jettisons once the Falcon 9 rocket ascends through the dense lower atmosphere. The future is here, now and for proof just look back to the successful launch of the Falcon Heavy rocket a few weeks ago.
She was fifth in a World Cup Alpine combined last month after finishing outside the top 10 in the downhill portion . Lindsey Vonn said she needed a miracle to finish on the podium in the women's combined Alpine ski event Thursday.
The governor appoints the parole board members. "Any time anybody's life is at stake, that's a very serious matter", Abbott said. Bart Whitaker was sentenced to death for hiring the hitman who killed his mother and brother and wounded his father in 2003.
LaLiga: Zidane drops Ronaldo from Leganes tie
Sergio Ramos put the game beyond doubt in the final moments, just beating the outstretched arm of Cuellar from the penalty spot. As for Leganes , Claudio Beauvue again led the line with support from Nabil El Zhar , but Nordin Amrabat was only on the bench.
Iranian rescuers find wreckage from crash
Though the 2015 nuclear deal lifted some of those sanctions, many older planes are still in service. Iran has suffered several aviation accidents in recent years and has an aging aircraft fleet.
These Are The First 3 Cities Where AT&T Will Roll Out 5G
Telecommunications experts estimate that 5G speeds will be about 10 times faster than 4G, which is presently the mobile standard. The new 5G lab in Austin will allow the carrier to conduct tests standards-based 5G including Advanced 5G NR Testbed Systems.
US vs. Czech Republic 2018 live stream
Between periods, Donato saw video of his dad in the stands and said, "I've never seen him smile like that before". But Donato, who was drafted by the Bruins in the second round of the 2014 NHL Draft, wasn't done yet.