Browse Blog Posts by Tags
-
The U.S. Treasury should take over the Federal Reserve's credit programs , with both agreeing to a "credit accord," Richmond Federal Reserve Bank President Jeffrey Lacker said. Lacker, a voting member of the Federal Open Market Committee, said the Federal Reserve would be better able to...
-
Richmond Federal Reserve Bank President Jeffrey Lacker said that slowing economic growth and weakening labour markets in the U.S. may prompt banks to further reduce their lending to consumer and firms, thus leading to further credit tightening. "The deterioration of economic conditions is playing...
-
Speaking in an interview with Bloomberg TV, Richmond Federal Reserve President Jeffrey Lacker (non-voter) said the Fed should not wait too long for a rate hike. The Richmond Fed President said inflation will slow if oil prices drop. He added that inflation is still a "risky situation," and that keeping...
-
Richmond Fed President Jeffrey Lacker (non-voter) said economic growth should pick up next year and that withdrawing the fiscal stimulus as growth risks fade makes "eminent sense". Speaking at the National Economics Club of Washington, D.C., Lacker said the inflation outlook has "deteriorated", but that...
-
High-profile speakers will take centre stage on Tuesday. Federal Reserve Chairman Ben Bernanke is set to speak in Arlington, Virginia at the Federal Deposit Insurance Corporation's Mortgage Lending for Low- and Moderate Income Households forum . Richmond Fed President Jeffrey Lacker is also slated to...
-
Speaking on financial stability in London, Richmond Fed President Jeffrey Lacker (non-voter) said he called on the Fed to detail its rules on intervening in the financial markets in order to minimize moral hazard and greater risk taking. "More expansive boundaries could conceivably prevent more avoidable...