Fed's Lacker dissented because a rate hike is needed

Discussion in 'Fundamental Analysis' started by ForexLive, Oct 30, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Lacker releases a statement on website Here's the full remarks; "I dissented because I believe that an increase in our interest rate target is needed, given current economic conditions and the medium-term outlook. My assessment is essentially unchanged from the Committee's September meeting, at which I also dissented. My reasoning was based on my belief that with the steady growth in output and household spending that we have been observing - and expect to continue - the real (inflation adjusted) rate of interest should be higher than its current level of less than negative 1 percent. My assessment was also supported by labor markets that had tightened considerably and my confidence that inflation will return to our 2 percent objective after the temporary effects of low energy and import prices have passed."

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