Fed's latest steps risk its credibility -Lacker
NEW YORK Dec 17 (Reuters) - A Federal Reserve policymaker on Monday redoubled his opposition to the U.S. central bank's accommodative policies, warning that its latest policy steps "test the limits" of the Fed's hard-won credibility.
Repeating arguments he has made in the past, Richmond Fed President Jeffrey Lacker said on CNBC television that the central bank's growing stable of assets makes it much more vulnerable to "small errors."
- Israel rejects ceasefire plan, source says as death toll nears 850 |
- Bad weather seen as probable cause of Air Algerie crash
- First Ebola victim in Sierra Leone capital on the run
- EU edges to economic sanctions on Russia but narrows scope |
- White House aide says Republicans might try for Obama impeachment