U.S. Fed won't begin to consider raising rates until inflation hits 2 pct: vice chairman

WASHINGTON, Sept. 23 (Xinhua) -- U.S. Federal Reserve Vice Chairman Richard Clarida said on Wednesday that the central bank won't consider raising interest rates from near zero until inflation has hit the 2-percent target.

"We're not going to even begin to think about lifting off, we expect, until we actually get observed inflation -- and we measure it on a year-over-year basis, equal to 2%," Clarida said in an interview with Bloomberg Television.