US Inflation Outlook May Not Be Acceptable

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00003942-us-inflation-outlook-may-not-be-acceptabl/

Richmond Fed Bank President Jeffrey Lacker is just as dismayed by the inflation outlook as the rest of us. Heartening? Maybe. According to a Reuters story, containing inflation should be Job #1 for the Federal Reserve. Of which Lacker is a member. Hopefully, knowing truly is half the battle.

“The inflation outlook right now is at the borderline of acceptable, and perhaps even beyond,” Lacker, who has a vote this year on the Fed’s policy-setting panel, told reporters after speaking to the Conference of State Bank Supervisors.

You can read more about this story at US inflation outlook may not be acceptable.