Fed's Lacker: core inflation still too high
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 seem
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