PARIS — Although U.S. core prices are rising faster than hoped and inflation remains a risk to the U.S. economic outlook, the Federal Reserve’s current monetary policy strategy should still result in low and stable inflation, Fed board member Sandra Pianalto said yesterday.

In a speech at the Global Interdependence Center here, Pianalto acknowledged that monetary policymakers were in a “challenging environment,” but insisted that globalization per se should not impair the ability of central banks to hit their inflation targets.

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