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Richmond Fed's Lacker on the economic outlook

In the speech 'Economic outlook' given on 21 December Jeffrey Lacker of the Federal Reserve Bank of Richmond said it's too soon to say price increases have moderated enough to put policymakers at ease.

"Many forecasters have been saying core inflation will moderate in the near term, and this certainly would be desirable. But such a moderation is not yet evident, despite the two most recent (Consumer Price Inflation) reports," Lacker said in his speech to the Charlotte, North Carolina Chamber of

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