Fed's Lockhart: forces will pressure prices towards target

Pressure on U.S. prices will push inflation towards the Federal Reserve's target, a top official at the central bank said on Thursday. "I have become convinced... that the forces at work in a reasonable horizon, once these transitory influences have passed, will give us the price pressures that move us to our target," Atlanta Fed President Dennis Lockhart, a well-respected centrist and a voter on the Fed's monetary policy committee this year, told a conference in Switzerland. Earlier, Lockhart s