Relevant:
- Fed's Lacker Opposed QE3 as Tantamount to Fiscal Policy
- Bernanke makes strong defense of Fed rate policies
- Gundlach says April rate hike 'inconceivable' after lower GDP forecasts
- 4 Weeks Until The Quiet Coup In The Fed Gives QE3 A Green Light
- Jeff Lacker, Suddenly Uncomfortable With These Fed Lending Facility Things
2011-02-08 — mortgagenewsdaily.com
"Jeffrey M. Lacker, President of the Federal Reserve Bank of Richmond and a voting member of the FOMC, told a University of Delaware audience that, while the economy is improving and inflation is low, the growth is proceeding at a much slower pace than the country has seen in recessions of the past. This lag, he said, is largely because this time housing is not driving the recovery."
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