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
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