The Inflation Outlook

Jeffrey Lacker

Speech from Federal Reserve Bank of Richmond

Abstract: I am pleased to be with you tonight to discuss my views on the outlook for inflation.1 In its most recent statements, the Federal Open Market Committee has identified "the risk that inflation will fail to moderate as expected" as its "predominant policy concern." This places current inflation and the inflation outlook squarely at center stage in thinking about the economy and monetary policy. So in my remarks tonight, I will take a closer look at inflation's recent behavior and the prospects for its future behavior. In doing so, I'll place particular emphasis on what we've learned in recent years about inflation dynamics, particularly the interplay between real activity and inflation expectations. As always, these remarks should be taken as my own personal views, and not necessarily shared by any of my colleagues in the Federal Reserve.

Keywords: Inflation (search for similar items in EconPapers)
Date: 2007-05-22
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Working Paper: The Inflation Outlook (2007)
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