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Friday, January 06, 2017

Fed's Lacker: 'Upward adjustment needed' for Fed rate target

  • Inflation compensation was improving before election
  • Inflation, jobs and fiscal outlook all point to the need to hike
  • Fed target is exceptionally low
Lacker calling for hikes is nothing new, he's been doing the same song and dance for almost a decade.
  • Expects 2016 GDP to finish at 2%
  • Sees inflation close to target in 2017
  • Tighter jobs market will add to inflation

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