U.S. Inflation To Trend Higher But Needs Close Watching: Fed's Lacker

wochit business
November 21, 2013 AT 9:27 AM
Some measures of annual inflation have trended well below the Fed's 2 percent target in recent months, a potential sign that demand in the economy is dangerously low. Some policymakers have expressed concerns over cool rates of inflation, but Richmond Fed President Jeffrey Lacker said price gains were likely to accelerate.