Fed's Lacker is reasonably confident that inflation will rise to 2%

Fed's Jeffrey Lacker speaks in Paris

• Financial market inflation expectation pricing gives him some pause
• Inflation will move up significantly after the price of oil bottoms while core inflation will move towards 2% after the dollar tops out
• FOMC will continue to monitor inflation and price expectations and will take action if needed

Mildly dovish from the hawk but he's not a voter this year