Early release of a speech from Lacker
There is a strong case for raising the Fed funds rate
Preemptive increases will likely be critical for keeping inflation stable
History suggests that the Fed has achieved the current jobless and inflation levels with rates at 1.5% higher that the current level
Inflation and employment are running at close to the Fed's goal
Current policy rate is extremely low
He's not a voter but is one of the most hawkish and the dollar is in the mood for such talk right now. USDJPY has etched out a new high at 102.60.
