Comments from Fed hawk Jeffrey Lacker:

  • The outlook for the dollar has to play a role in any short-term forecast for inflation
  • Asked if he would dissent if FOMC doesn't hike in June, says undecided
  • Would favor ending reinvestments of Fed's securities holdings relatively soon after hiking rates
  • Fed may need to tighten more rapidly than expected.

Earlier, Lacker said there's a strong case for a June rate hike.

Lacker on his way to work today