Tuesday, May 22, 2007

RPT-REFILE-Fed's Lacker: Lower inflation expectations needed

(Reuters) - Clear communications by the central bank could bring
inflation expectations down, he said.




"Without a prompt fall in inflation expectations, a
reduction in inflation below 2 percent is likely to be
temporary and hard to sustain," he said in remarks prepared for
delivery to the Money Marketeers of New York University. A copy
of his speech was made available in advance.


Read more at Reuters.com Bonds News

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