Fed's Lacker says there are signs inflation is heating up

Inflation appears to be heating up in the United States, part of a strong case for the Federal Reserve to raise interest rates more quickly, Richmond Fed President Jeffrey Lacker said on Wednesday. Consumer price increases have been below the Fed's 2 percent target for more than four years but some policymakers have argued the jobless rate at 4.9 percent is low enough to pressure wages higher, which could in turn lead to faster price gains. Lacker, who does not have a vote on Fed interest rate p