Explaining his dissent in the FOMC decision to stretch the near-zero rate policy through late...

|By:, SA News Editor
Explaining his dissent in the FOMC decision to stretch the near-zero rate policy through late 2014, Jeffrey Lacker says rates may need to increase before then to stop inflation rising. Lacker also thinks giving a time for the first increase in the FOMC’s statement would be better left to the bank's Summary of Economic Projections.