That statement will be on Lacker’s career tombstone if or when that turns out to be wrong.
Other comments from the Q&A:
- Absence of wage growth doesn’t indicate labor slack
- Oil doesn’t shake confidence inflation trending to 2%
- Breakevens not a sign inflation expectations unanchored
Lacker has an uncanny ability to see what he wants to see, despite years of being wrong.
Lacker being Lacker
