But alas, he is not Trichet..He is Dennis Lockhart of the Atlanta Fed.
Lockhart says the Fed must include the risk of an oil shock into its economic outlook and be vigilant for signs of oil fueling (his words) broader inflation.
Long-term unemployment is very worrying, he says, evidence of the Fed’s conundrum. Monetary policy can contribute to lower unemployment but it is not a panacea, he says.
