Lacker on transition and continuity at the Fed

In the speech 'Transition and continuity at the Federal Reserve in 2006' given on 14 February Jeffrey Lacker of the Federal Reserve Bank of Richmond said that incoming Fed Chairman Ben Bernanke must preserve the hard-won credibility for maintaining low inflation of his predecessor, Alan Greenspan.

"Inflation is low and stable, and the public appears to be fairly confident that inflation will remain persistently low and stable," he said in the speech to students and guests at West Virginia

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