Banking, finance, and taxes
Richmond Fed President Sees No “Rationale” for Further Easing
Published:
In an appearance on CNBC this morning, Richmond Federal Reserve Bank President Jeffrey Lacker touched on a wide range of issues and projected a much rosier picture of the US economy during the next year or so. For example, Lacker does not think that interest rates will need to be held at the current near-zero level through 2014. In his opinion, by the middle of next year the US economy should be in considerably better shape and interest rate hikes might be needed to keep inflation in check.
Lacker also stated that he does not “see where the rationale for further [quantitative] easing is going to come from.” In his view, the unemployment rate could fall below 8% by mid-2013 and core inflation should stay around 2% (not including energy costs).
Lacker refused to be drawn to predict energy prices. That was an awfully smart move on his part.
A transcript of the interview is available here and the video is available here.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
