Fed's Fisher worried about jobs, not inflation

While headline inflation has risen in recent months, the data suggests it will gravitate toward the Fed's target of about 2 percent, Dallas Fed President Richard Fisher told the Texas A&M Retailing Summit.

The bigger problem is jobs, Fisher said. The Fed has done a "great deal" to boost the economy, he said, adding that if he believed that "fiddling with the yield curve" and easing monetary policy further could add more stimulus, he would support it.

That's not the case, Fisher said, reiterating his long-held view that it is the fiscal authorities who are holding back recovering by not providing clarity on tax and regulatory policy.

(Reporting by Judy Wiley in Dallas; Writing by Ann Saphir in Chicago; Editing by James Dalgleish)