Jeffrey Lacker Archive
Inflation Picture has Deteriorated
Fed, Interest Rates
Dec 19, 2007
He’s on the opposite spectrum from Yellen, but inflation has deteriorated to the point where risks are elevated. Once the fed has figured out it can control the FF/LIBOR with TAF type or repo and ‘market functioning’ somewhat restored, I expect that the imperative to cut rates will be greatly diminished. Fed’s
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