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- Richmond Federal Reserve President Jeffrey Lacker notes his outlook for the U.S. economy has not changed since September despite the recent weak economic data
Richmond Federal Reserve President Jeffrey Lacker notes his outlook for the U.S. economy has not changed since September despite the recent weak economic data
Richmond Federal Reserve President Jeffrey Lacker said in an interview with Fox Business Network on Wednesday that his outlook for the U.S. economy has not changed since September despite the recent weak economic data.
"My views haven't changed much since September," he said.
But he did not said if he will vote for the interest rate hike at the Fed's monetary policy meeting in October. Lacker was only one FOMC official who voted for the interest rate hike in September.
Richmond Federal Reserve president pointed out that interest rates should higher than they are now.
"The higher sustained growth we've seen in real consumer spending strongly suggests that real interest rates need to be higher than they are now," he said.
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