"We should be standing pat now rather than easing policy further," says Richmond Fed President...

|By:, SA News Editor

"We should be standing pat now rather than easing policy further," says Richmond Fed President Jeff Lacker, the lone dissenter from current FOMC policy. What's the use, he says, of buying up assets to increase the amount of reserves in a system already flooded with them. "It's not clear whether monetary policy ... can bring about any material improvement in economic growth right now."