Federal Reserve Bank of Atlanta President Dennis Lockhart says that the Fed is tasked with promoting stable prices and maximum employment in its monetary policy responsibilities. Recent readings on retail prices are a little elevated due to a run-up in gasoline prices earlier in the year. Lockhart says that higher energy costs appear to have caused a modest acceleration in other prices. Most forecasts of inflation, including Lockhart's, project the annual trend in prices to move back toward the Fed's 2 percent target over the course of the year. Lockhart says that while the headline measure of the unemployment rate ... (full story)