Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, with more following his earlier comments

  • Says pace of hikes for 2016 like that reflected by median projection at December meeting is most likely to be appropriate
  • Says data since the March meeting has bolstered the case that inflation is firming pretty well
  • Risks to US growth from global influences are relatively balanced

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"pace of hikes for 2016 like that reflected by median projection at December meeting is most likely to be appropriate"

Yeah, I'm calling B/S on that.

Dec. was projecting 3 or 4. I'm at 1. Still.