10 Aug 2017
Fed's Dudley: Weak dollar should help boost import prices, help push up inflation
Additional remarks from New York Fed President William Dudley is crossing the wires, with the key takeaways, via Reuters, found below:
- Don't expect inflation to get back to 2 pct in medium term
- Year over year inflation measures will be depressed for a while
- Weak dollar should help boost import prices, help push up inflation
- Sequential U.S. inflation numbers should rebound more quickly
- Should take 6-10 months for weak recent inflation readings to 'drop out' of annual inflation readings
- Rising U.S. wealth inequality could push up savings rate, possibly weaken economy at margins