More from Jeffrey Lacker

• Looks like US is on track to return to 2% inflation
• I don't see low inflation warranting more QE
• Need to take the market volatility seriously
• Too soon to say whether this market vol will affect the outlook
• So far there's been no strong evidence to shift my rate outlook
• Growth will continue around 2%
• The labour market is tightening and that's reflecting strength

Spin those numbers. You wait until the core CPI is at 3% and they'll all be speaking about the headline being lower and more important for the target.