Richmond Fed President Sees No “Rationale” for Further Easing
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…
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.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
