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Lacker says timing of Fed exit is going to be tricky
WASHINGTON, March 5 |
WASHINGTON, March 5 (Reuters) - The Federal Reserve's aggressive monetary stimulus will make it harder for the U.S. central bank to engineer a smooth retreat from the unconventional policies, a top Fed official said on Tuesday.
"I fear that small mistakes (could have) large consequences," Jeffrey Lacker, President of the Federal Reserve Bank of Richmond and an inflation hawk who has been skeptical of central bank bond buying.
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