Fed’s Lacker Sees Strong June Rate-Hike Case as Risks Fade
- Market overestimated FOMC intention to continue pausing
- Warns of higher inflation, though some overshoot acceptable
Fed’s Jeffrey Lacker: Strong Case for June Rate Hike
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Federal Reserve Bank of Richmond President Jeffrey Lacker said a June interest-rate increase by the U.S. central bank is in order with global risks having “entirely dissipated.”
“I certainly supported a rate increase at the April meeting,” Lacker said Thursday in an interview on Bloomberg Radio. “I think the case would be very strong for raising rates in June.”