Fed's Lacker "troubled" by US inflation

Jeffrey Lacker, the president of the Richmond Federal Reserve, said on Wednesday that he was uncomfortable with the inflation picture in the United States.

Referring to the rises in the PCE measure of overall inflation in September and October, Lacker said: "These numbers do display transitory swings, so I wouldn't extrapolate them forward indefinitely. Still, I have to say that I am uncomfortable with the inflation picture, and disappointed that the improvement we saw earlier this year was not

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