The Federal Reserve could still raise interest rates this month, Richmond Fed President Jeffrey Lacker said Thursday.
“I don’t see why not,” Lacker told The Wall Street Journal. “We will have another labor market report. Presumably that will move us further toward labor market improvement.”
The Labor department is scheduled to release the nonfarm payrolls report for September.
Lacker also said Fed officials will have more information about the strength of consumer spending when their next meeting begins. “It looks like consumers have continued to spend in August despite all of the turmoil and it seems like that is carrying over into September,” he told the newspaper.
The Fed kept interest rates low during its last monetary policy meeting, a decision to which Lacker dissented.
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