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CHINA PBOC CONDUCTS CNY233 BLN VIA 7-DAY REVERSE REPOS WEDS

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MNI PODCAST: FedSpeak - Lacker Sees Fed Rates Rising to 5%

EXECUTIVE SUMMARY
  • Jeffrey Lacker, ex-Richmond Fed president, says officials have allowed inflation expectations to build.
  • That means they'll have to raise rates more than otherwise, he said, likely up to 5%.
  • Given that amount of tightening, it will be hard to avoid a recession, argued Lacker.

Listen to the full podcast here.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
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MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
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