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- Richmond Fed President Jeffrey Lacker has not changed his view that the Fed should start raising its interest rates
Richmond Fed President Jeffrey Lacker has not changed his view that the Fed should start raising its interest rates
Richmond Fed President Jeffrey Lacker said in an interview with CNBC on Wednesday that he has not changed his view that the Fed should start raising its interest rates.
He noted that terrorist attacks in Paris have only temporary impact on the economy.
"We've been through episodes like this before in which some disruption of a certain geopolitical or military nature affects things. For a time people can get cautious and pull back a little bit. These tend to be transitory," Richmond Fed president.
Lacker also said that consumer spending in the U.S. is strong, adding that the economy needs higher real interest rates".
"There's a chance, I think it's raising that we're going to get behind the curve", he noted.
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