Fed’s Lacker Will Continue to Vote for Rate Hike in 2015

Richmond Federal Reserve President Jeffrey Lacker said on Wednesday a spate of disappointing economic data has done little to change his outlook for the U.S. economy.

Lacker, who voted for an interest rate increase in September against the majority of Fed policymakers who opted to keep rates steady, said he had not decided how to vote at the Oct. 27-28 policy meeting but was not swayed much by a slowdown in job growth and weaker-than-expected retail sales in September.

“It doesn’t change my outlook much,” he told Fox Business in an interview.

via Reuters

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza