Fed's Lacker Would Not Support More Easing

Discussion in 'Economics' started by ASusilovic, Oct 15, 2010.

  1. Richmond Federal Reserve Bank President Jeffrey Lacker said on Wednesday he would not support further monetary easing, saying he is not very worried about subdued U.S. inflation readings.

    With additional Treasury bond purchases aimed at supporting the economy looking increasingly likely at the Fed's November meeting, Lacker appeared to be cementing his role as a hawk at the U.S. central bank and digging in his heels in opposition.

    "I am not yet convinced that inflation is likely to remain undesirably low," he told a conference sponsored by the Richmond Fed.


    Unfortunately, he is not a voting member...