Fed’s Lacker – Inflation will rise after oil price bottoms

Federal Reserve policymaker and a non-voting member this year Lacker was on the wires today stating the inflation will rise significantly after oil price bottoms out.

Key points

Core inflation will move towards 2% after the dollar tops out

Will continue to monitor inflation and price expectations and will take action if needed

Reasonably confident inflation will move toward 2 pct over medium term