Last quote by Jeffrey Lacker
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.