Fed's Lacker: must defend inflation goal from both sides
ASHEBORO, North Carolina
ASHEBORO, North Carolina (Reuters) - The U.S. Federal Reserve must make sure inflation does not get too far either below or above its 2 percent goal, Richmond Fed President Jeffrey Lacker said on Thursday.
"We must defend our goal from both sides," he said during a question-and-answer session after a speech.
Lacker, who has a reputation for being tough on inflation, said it would be appropriate for the U.S. central bank to start scaling back its asset purchases between December and March.
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