Fed's Harker: Inflation still an open question

Philadelphia Fed President Patrick Harker, during a Q&A session after his speech in New York said:

   •  Concerned about long-term state and federal debt
   •  Sees the small bump by tax reform to be about 0.2% moving forward
   •  But net impact of tax reform on US economy is unclear
   •  Some inflation is dependent on the USD
   •  Inflation dynamics are not clear right now; still in wait and see mode
   •  We might see inflation firming, we might not
   •  Glad to see inflation firming, not clear it will hit 2%
   •  Seeing wage pressure in high-low skill jobs