Jeffrey Lacker, President, Federal Reserve Bank of Richmond Is Interviewed On Midday Surveillance
Political Transcript Wire › July 06, 2012
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Jeffrey Lacker, President, Federal Reserve Bank of Richmond Is Interviewed On Midday Surveillance
JEFFREY LACKER, PRESIDENT, FEDERAL RESERVE BANK OF RICHMOND, IS INTERVIEWED ON MIDDAY SURVEILLANCE
MAY 1, 2012SPEAKERS: TOM KEENE, MIDDAY SURVEILLANCE HOSTJEFFREY LACKER, PRESIDENT, FEDERAL RESERVE BANK OF RICHMOND[*] TOM KEENE, MIDDAY SURVEILLANCE HOST: We are on the road, and we are in Washington. Jeffrey Lacker, the dissenter. Why do you dissent?JEFFREY LACKER, PRESIDENT, FEDERAL RESERVE BANK OF RICHMOND: I disagreed with the statement that said that the committee currently anticipates that exceptionally low interest rates will be warranted until late 2014. My view is that we're likely to need to raise rates in mid-2013 in order to keep inflation pressures contained.KEENE: The chairman just suggested that 1994 was difficult, the debate over 25 basis points or 50 basis point...See the full content of this document
