Richmond's Lacker first to dissent under Bernanke

This article published Tuesday 8 August by Bloomberg notes that Federal Reserve Bank of Richmond president Jeffrey Lacker disagreed with the Fed's decision to forgo an interest-rate increase.

"The rebellion is the first on the Federal Open Market Committee since Ben S. Bernanke became chairman in February and the only one since Hurricane Katrina came ashore last August, displacing millions and killing more than 1,800 people. He argued for a quarter-point rate increase."

"Lacker, 50, who has led