Forex News: Fed's Lacker on the wires

Fed's Lacker in a Bloomberg interview expressed

• SEES U.S. ECONOMIC GROWTH ABOUT 1% OVER NEXT YEAR OR SO
• U.S. IN PERIOD OF VERY SLUGGISH GROWTH
• EXPORTS WILL CONTINUE TO CONTRIBUTE TO GROWTH
• LACKER: RECOVERY OF DOLLAR WILL HELP TO MUTE INFLATION
• LACKER: HOUSING PRICES WILL BOTTOM SOMETIME NEXT YEAR
• SEES HOUSING STABLIZING EARLY NEXT YEAR
• FED FUNDS RATE SHOULDN'T BE ANY LOWER 
• INFLATION EXPECTATIONS SHOW FRAGILITY
• CONSUMERS' PRICE EXPECTATIONS ARE ELEVATED
• INFLATION EXPECTATIONS SEEM TO BE STABLE
• IMPORTANT TO WITHDRAW STIMULUS IN TIMELY WAY
• MAY NEED TO RAISE RATES BEFORE MARKETS TRANQUIL
• PROGRESS ON CORE INFLATION SOON
• DRIVING DOWN INFLATION REQUIRES TIGHTER POLICY
• PREFERS CORE INFLATION AT 1.5 PERCENT
• CORE INFLATION RISE MAY OUTLAST CREDIT CRISIS
• 2.5 PERCENT CORE INFLATION WOULD BE LITTLE HIGH
• SAYS EXPECTS OVERALL INFLATION TO MODERATE
• STILL IN A RISKY SITUATION' ON INFLATION FRONT
• OVERALL INFLATION TO MODERATE IF OIL PRICES DROP