Strong case for June rates liftoff, says Fed's Lacker

March 31, 2015 12:20 PM

57 0

Strong case for June rates liftoff, says Fed's Lacker

RICHMOND, Va. (Reuters) - The Federal Reserve will have a "strong" case to hike U.S. interest rates in June, a hawkish Fed official said on Tuesday, dismissing recently weak economic data as transitory and perhaps due to unseasonable weather.

Richmond Fed President Jeffrey Lacker, who has long called for a prompt tightening of monetary policy, said consumer spending, the labor market and other economic conditions have improved significantly over the last year.

Also read: U.S. Consumer Spending Rises at More Moderate Pace, Incomes Jump

Read more

To category page

Loading...