Regional Fed presidents call for further rate rises
Richmond and Boston heads say Fed should reach inflation target in 2017
Two presidents of regional Federal Reserve banks have made strong calls for a tightening of US monetary policy in recent speeches.
Jeffrey Lacker of the Richmond Fed stated – in a speech delivered on his behalf by his deputy, Kartik Athreya, on January 6 – that US unemployment rates were now at their non-inflation accelerating level. Lacker said he had been "arguing for some time that the Fed's interest rate target is exceptionally low and that upward adjustment is needed".
He cautioned against
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