US Economy Has Leveled Out According to Fed’s Lacker

August 27, 2009 Share Print 0

In a speech this afternoon, Richmond Federal Reserve Bank President Jeffrey Lacker was quoted as saying: “The economy appears to have stabilized and may not need all the stimulus the central bank had planned to offer,” Lacker is a member of the Monetary Policy panel and as such his opinion carries a lot of weight as his vote counts towards steering the Fed’s Strategies going forward.

The US Central Bank has received a great measure of positive feedback in the last couple of weeks, first with the intention of reappointing Ben Bernanke as Governor and second as GDP Data signals stability for the time being.

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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 has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. 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.