Fed's Dudley: Weak dollar should help boost import prices, help push up inflation

Eren Sengezer FXStreet

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

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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