Speaking on Fox Business
- Retail sales report does not change fundamental Outlook
- Even 100k jobs per month is enough for population growth
- Meaningful slack not left in labor market
- Real interest rates should probably be higher
- Confident inflation will move back to 2% in near-term
- Says his views have an change much from September
- The Fed should should not overreact to volatility in markets
His comments keep the October meeting in play for him. Lacker is the Richmond Fed Pres. and is a voting member on this year's FOMC policy board.
If 100K is now enough. If his view that the Fed should not overeact to volatility in the markets is the view of the Fed, why do they continue to look for more evidence?
