Richmond Fed's Jeffrey Lacker on the economic outlook
- No pre-set timetable for normalising
- Policy is set from meeting to meeting
- Weak recent data may be due to bad weather
- Dollar and oil effects likely to be transitory
- Inflation will return to 2%
No different to what we've heard form Lacker recently though the comments can be read as placing more emphasis on June than he did previously Scrap that, I'm getting my Lackers and Lockharts mixed up. Lacker's always been a June man while Lockhart likes to hedge his bets over a few months :-D
