Richmond Fed President (and inflation hawk) Jeffrey Lacker says the risk of a double-dip...

|By:, SA News Editor

Richmond Fed President (and inflation hawk) Jeffrey Lacker says the risk of a double-dip recession is down, but that the Fed will need to raise interest rates as soon as the recovery is firm, even if unemployment is near 10%. The growth outlook is "more fundamental than labor-market conditions." (Bloomberg interview, 39:41 video)