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.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.