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.