Economics
Ex-Fed Officials Dudley, Lacker See Rates Rising to at Least 3%
- Former New York Fed president Dudley sees peak at 3% to 4%
- Ex-Richmond Fed leader Lacker says 3.5% to 4% is ‘plausible’
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The Federal Reserve will probably have to raise its target for the federal funds rate to at least 3% to try to keep inflation in check, two former Fed Reserve Bank presidents said.
Ex-New York Fed leader William Dudley and former Richmond Fed President Jeffrey Lacker made the comments in separate interviews with Lisa Ambramowicz, Jonathan Ferro and Tom Keene on Bloomberg Television on Monday.