Inflation expectations well-anchored, Richmond Fed president says
Inflation expectations in the United States remain "well-anchored", the Federal Reserve Bank of Richmond president, Jeffrey Lacker, told an audience at the Banque de France today (March 21).
Lacker identified a drop in inflation compensation – the difference in yield between Treasury inflation-protected securities, or Tips, and standard Treasury securities of the same maturity. While he said this gave him "pause for thought", he was ultimately satisfied with expectations as a whole.
The Richmond
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