Hawkish comments from a Fed hawk

  • Data consistent with inflation rising to 2%
  • Interest rate rules indicate Fed rates should be higher
  • Job growth is double the pace needed to absorb the population rise

Lacker is a major hawk so this kind of talk isn't a surprise.

Update:

He continued with more of the same, saying that the August jobs report suggests the labor market is still tightening.

Lacker went on to say he hadn't made up his mind about September yet but in the same breath he said last month would have been a good time to hike. He's a non-voter anyway.