Fed’s Lacker ’Not Disposed’ to $600 Billion Purchases

Federal Reserve Bank of Richmond President Jeffrey Lacker said he’s leaning against continuing the central bank’s plan to purchase $600 billion in U.S. Treasuries as the U.S. economy strengthens.

“I personally am not well disposed to going on with it, but we will see how the data breaks,” Lacker said today in an interview on Bloomberg Radio’s “The Hays Advantage,” with Kathleen Hays. “I was one at the last meeting who thought the risks exceeded the benefits. The benefits are kind of small. Risks, while small, would have made me tilt against doing it.”