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Lacker: comfortable with rates for now

Tue May 22, 2007 9:25pm EDT

NEW YORK, May 22 (Reuters) - Richmond Federal Reserve Bank President Jeffrey Lacker said on Tuesday that he is comfortable with where benchmark interest rates are now, but not so later in the year.

Bonds

"The current funds rate has us on track to achieve what we want," he told reporters after a speech. "So I'm comfortable with where the funds rate is now. But circumstances change later this year."

Lacker dissented four times last year in favor of another rate hike to curb inflation as the central bank kept rates steady since last June. He is not a voting member of the Fed's rate-setting committee this year.

Bonds


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