Jeffrey Lacker


Last quote by Jeffrey Lacker

Rates need to rise more briskly than markets now seem to expect. And the elevated uncertainty now surrounding fiscal policy, particularly the potential for substantial fiscal stimulus, suggests that our next increase should come sooner rather than later in order to reduce the risks associated with having to raise rates more rapidly later on.
Feb 14 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Jeffrey Lacker is associated, including Federal Reserve and Fifth. Most recently, Jeffrey Lacker has been quoted saying: “Drug abuse and the hardship involved in unemployment aren't really laughing matters,. It's hard to pin this down quantitatively, but it strikes me that there could be something meaningful there as a contributor to impediments to labor market functioning.” in the article Fed in 2011 joked about jobless, blamed drugs, work ethic for unemployment. An other article where Jeffrey Lacker has been quoted is Fed's Lacker favors faster rate hike path to curb inflation.
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Jeffrey Lacker quotes

This is the basis for the strong case I have articulated for raising our interest rate above its current low level.

The Fed's public-private structure supports monetary policy independence.

The way the data is playing out I think the longer we wait there is a material increase in risks that we run.

It would be hard to calibrate policy settings carefully enough to avoid precipitating a contraction in real activity.

It appears that the funds rate should be significantly higher than it is now.

The recent data on inflation - because they have come in firmer than expected - suggests that upside risks to inflation have increased maybe not significantly, but I think noticeably and materially. We need to take that into consideration. he expected core inflation firmer this year than last year and close to 2 percent in 2017.

Although recent declines in inflation compensation do give me some pause, I think the evidence indicates that inflation expectations ... remain well-anchored.

This perspective would bolster the case for raising the federal funds rate target.

I find it disconcerting that ... something like two-thirds of the improvement in the growth outlook seems to be attributable to the net export effect of the reduced value of the dollar.

That's half the rate at which we raised rates in the last tightening cycle. So that's what 'gradual' means to me.

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