Members of the Federal Reserve's Open Market Committee (FOMC) offered conflicting views on the future path for US inflation yesterday, underlining disagreements on the policy-making body over the timing of an increase in interest rates.
Jeffery Lacker, head of the Federal Reserve Bank of Richmond and a voting member on the FOMC, said yesterday that inflation had likely "bottomed out" and was moving closer to the Fed's 2% target, after consumer price inflation averaged 2.5% in the three months si
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