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Search resuls for: "Former Richmond Fed"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation has been 'streaky' and a rate cut may be premature, says former Richmond Fed president Jeff LackerJeffrey Lacker, former Richmond Fed president, joins 'Squawk on the Street' to discuss why he believes the inflation remains murky and recession may be fears are overblown ahead of the Fed meeting.
Persons: Jeff Lacker Jeffrey Lacker Organizations: Richmond Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Richmond Fed President Lacker: Reasonable to expect 2-3 rate cuts this yearJeffrey Lacker, former president of the Federal Reserve Bank of Richmond, joins 'Money Movers' to discuss his take on where market expectations are for the Fed, whether the six-month annualized inflation figure is reliable to monitor, and more.
Persons: Lacker, Jeffrey Lacker Organizations: Former Richmond Fed, Federal Reserve Bank of Richmond
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRecession risks have receded in the last six to 12 months, says former Richmond Fed presidentJeffrey Lacker, former president of the Federal Reserve Bank of Richmond, joins 'Squawk on the Street' to discuss his expectations for the Federal Reserve's upcoming decision, what pressures will soon hit the consumer, and the market's expectations for the Fed's rate decisions going forward.
Persons: Jeffrey Lacker Organizations: Richmond Fed, Federal Reserve Bank of Richmond, Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Richmond Fed President: The fiscal situation looks to add substantial inflation pressureFormer Richmond Fed President Jeffrey Lacker joins 'Squawk Box' to discuss the Fed's two-day policy meeting, what to expect for future rate moves, and more.
Persons: Jeffrey Lacker Organizations: Richmond Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Richmond Fed President Lacker: Real Fed funds rate isn't sufficient for 2% inflationJeffrey Lacker, former president of the Federal Reserve Bank of Richmond, joins 'Squawk on the Street' to discuss measuring monetary policy with the real federal funds, the transitory impact of housing disinflation, and a pullback in bank lending due to the Fed rate hikes.
Persons: Lacker, Jeffrey Lacker Organizations: Former Richmond Fed, Real, Federal Reserve Bank of Richmond
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Richmond Fed President Lacker: There's a strong case the Fed will ultimately have to do moreJeffrey Lacker, former Richmond Fed president, joins 'Squawk on the Street' to discuss Lacker's thoughts on the Federal Reserve's upcoming meeting, why the real interest rate is important, and the lagged impact of rate hikes.
Persons: Lacker, Jeffrey Lacker Organizations: Richmond Fed, Federal
WASHINGTON, June 7 (Reuters) - The U.S. economy is strong amid robust consumer spending but some areas are slowing down, U.S. Treasury Secretary Janet Yellen said on Wednesday, adding that she expects continued progress in bringing inflation down over the next two years with a strong labor market. Yellen said that inflation can subside while maintaining a strong labor market, with unemployment in the 4% range, up slightly from the 3.7% reading in May. "We've always thought an unemployment rate with four as the first digit is a very strong labor market," Yellen said. She said the economy has slowed somewhat, easing pressures in the labor market, but "we still have a very healthy labor market, wage gains are significant." Asked about former Richmond Federal Reserve President Jeffrey Lacker's view that the federal funds rate, at 5.0-5.25% now, will have to rise to 6% to tame inflation, Yellen said that was a decision for the Fed.
Persons: Janet Yellen, Yellen, We've, Jeffrey Lacker's, David Lawder, Susan Heavey, Doina Chiacu, Chizu Nomiyama, Andrea Ricci Organizations: Treasury, CNBC, Federal, Richmond Federal, Securities and Exchange Commission, European Union, Thomson Locations: U.S
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