Fed's Lacker says labor market improved substantially
NEWPORT NEWS, VA.
NEWPORT NEWS, VA. Aug 29 (Reuters) - The outlook for the U.S. labor market has improved substantially since the Fed launched its most recent bond-buying stimulus last year, Richmond Fed President Jeffrey Lacker said on Thursday.
"Personally, I opposed the purchase programs when they originated last September, so I was ready for tapering last October," he said.
"We've seen a substantial improvement in labor market conditions since we initiated the program. A good case can be made that that condition has been met."