Fed's Lacker says sees inflation risk down the road
COLUMBIA, South Carolina
COLUMBIA, South Carolina Jan 8 (Reuters) - Richmond Federal Reserve Bank President Jeffrey Lacker said on Tuesday that he doesn't see a near-term quickening in U.S. inflation of "very large proportions," but that he was worried about the long-term impact of the Fed's policies.
"I see a risk of falling behind the curve not this year, but perhaps in 2014 and beyond," he told reporters after delivering a speech on the economy's prospects.
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Doctor with Ebola in New York stable; nurse is virus-free
- New York police officer critically wounded in hatchet attack |
- Putin accuses United States of damaging world order
- Exclusive: Charred tanks in Ukraine point to Russian involvement