Harker is retiring in June so I don't know how much we should be listening to him.Policy rate remains restrictive enough to put downward pressure on inflationFed watches the data, then reacts if we mustProgress towards 2% inflation target has slowedShould not move to act on policy in either direction based on one report covering one month of dataOptimistic on economic outlook, despire challenge of getting inflation back to target This article was written by Adam Button at www.forexlive.com.