Fed's Lacker: interest rates after Greenspan

In the speech 'Interest rate policy after Greenspan' given on 20 October Jeffrey Lacker of the Federal Reserve Bank of Richmond said the U.S. central bank would respond to economic developments as needed to preserve its credibility as an inflation fighter.

"To preserve and build on the credibility we already enjoy, we will need to continue to respond to changing economic conditions in a way that confirms our commitment to low inflation," Lacker said in a speech at Winthrop University.

"Key to this

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