"I do not believe economic conditions are likely to warrant an exceptionally low federal funds...

|By:, SA News Editor

"I do not believe economic conditions are likely to warrant an exceptionally low federal funds rate (until 2014)," says the Richmond Fed's Jeff Lacker, commenting on his FOMC dissent. The leading hawk of those now voting on policy, he expects inflationary pressures are likely to require a bump in rates by mid-2013.