Lacker Says Fed Taking Risks With Economy at Full Employment

Updated on
  • Fed's 2% inflation goal could be reached `fairly rapidly'
  • Slowdown in payroll gains may be sign of tightening job market

Workers look over blueprints at a production facility in Vallejo, California.

Photographer: David Paul Morris/Bloomberg

Federal Reserve Bank of Richmond President Jeffrey Lacker said the U.S. is already at full employment and the central bank may risk overheating the economy as it attempts to drive additional job gains.

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