WASHINGTON May 3 Jeffrey Lacker, the president
of the Federal Reserve Bank of Richmond, said on Friday that he
viewed the U.S. jobs report for April as strong after government
data showed 165,000 new jobs were created last month.
Noting the U.S. job creation had averaged 200,000 a month
over the last six months, the arch-hawk Lacker also said there
was no question the outlook for the U.S. labor market had
improved substantially, echoing the language the Fed has said it
would use to decide when to taper or end its bond purchases.
Lacker opposes the bond buying, which the Fed voted on
Wednesday to maintain at a $85 billion monthly pace.