Sep
06
Lacker Says It’s Time for Fed to End Era of Zero Rates
ByFederal Reserve Bank of Richmond President Jeffrey Lacker said it’s time for the central bank to end the era of record-low interest rates, now that the impacts from winter weather and energy prices have passed.
The Richmond Fed president, who’s historically been more inclined toward tighter policy than most of his colleagues, said Friday that labor-market slack has been reduced to pre-recession levels, and shorter-term inflation measures are tracking the U.S. central bank’s 2 percent target…
Lacker Says It’s Time for Fed to End Era of Zero Rates
