Fed's Lacker: core inflation still too high

Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, said on 22 May that core inflation was still too high and rising expectations of future price pressures was a source of concern.

In an interview with CNBC he said, "Core inflation has been fluctuating between 2 and 2.5 (%) for two years now, since April 2004. Before that, from 1996 until 2003, core inflation went between 1-2%. We need to get back to containing core inflation between 1-2%".

"The fact that inflation expectations s

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: