Fed's Lacker says too early to foresee Fed pause

Richmond Federal Reserve President Jeffrey Lacker said on Monday 11 July it was too soon to say when the U.S. central bank would end its year-long campaign of interest-rate rises and indicated more increases were likely.

"I think it is still too early to be foreseeing a pause," Lacker told reporters after speaking to a community development event at the Richmond Fed. "It's going to be data-driven and depend on how things unfold."

Lacker said that he believed the U.S. economy was on a solid growth

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