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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. inflation readings, even while it takes longer for the annual measures preferred by the Federal Reserve to rebound from "very weak" recent levels, New York Fed President William Dudley 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) inflation up," Dudley told reporters. "We've had these very weak inflation readings for a number of months in a row" and that won't "drop out" ...

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