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Dollar, jobs should boost 'very weak' U.S. inflation - Fed's Dudley

Reuters  |  NEW YORK 

NEW YORK (Reuters) - The declining dollar and strengthening labor market should boost monthly U.S. readings, even while it takes longer for the annual measures preferred by the Federal Reserve to rebound from "very weak" recent levels, New York President William said on Thursday.

The declining dollar, which pushes up import prices, and the tightening labor market, which raises wages, "should combine to eventually push (sequential) up," told reporters. "We've had these very weak readings for a number of months in a row" and that won't "drop out" of annual readings for six to 10 months, he added. "It will take some time."

(Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 10 2017. 20:58 IST