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Top official frets Fed will wait too long to tighten [March 05, 2014] NEW YORK (Reuters) — A hawkish Federal Reserve official said on Tuesday he questions whether his fellow policymakers will have the "courage" and "will" to raise interest rates when the time is right. |
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Jeffrey Lacker, president of the Richmond Fed,
told the Council for Economic Education that the U.S. central
bank will have to move to tighten policy "expeditiously" before
currently low inflation pressures start to rise. (Reporting by Jonathan Spicer; editing by Leslie Adler) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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