Wednesday, May 23, 2007

Fed's Lacker says inflation is too high (fg)

Jeffrey Lacker, one of the Fed's toughest inflation hawks in the FOMC, said he'd like to see the inflation rate come down a bit more. Too sad that he is not a voting member of the Fed this year. Lacker dissented four times last year from the majority at the Fed who wanted to keep interest rates unchanged instead of raising them. Here you can find the latest interview with him on CNBC.