Fed’s Lacker Expects Taper Discussions At Upcoming Meetings
The Federal Reserve will likely consider further reductions in the pace of bond purchases at coming meetings given the improvement in the labor market conditions, a top Fed official said on Friday. Richmond Federal Reserve President Jeffrey Lacker said although a recent pick-up in U.S. economic growth was encouraging, he expected the pace of expansion to ease this year to closer to 2 percent. Some policymakers have expressed concern about inflation running persistently below the Fed’s 2 percent target — on its preferred measure inflation is running at just 1.1 percent on an annual basis.
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