Commodities markets managing Ukraine turmoil so far -Fed's Lacker

NEW YORK, March 4 Tue Mar 4, 2014 5:58pm EST

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NEW YORK, March 4 (Reuters) - A top Federal Reserve official said on Tuesday that while there is a potential risk to the U.S. economy from the crisis in Ukraine, it appears quite manageable so far with commodity markets stable.

"So far commodity markets seem to have absorbed the news reasonably well," Jeffrey Lacker, president of the Richmond Fed, told reporters following a speech in New York. "That's where I see the potential for risks but they seem quite manageable at this point."

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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