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

FED

The latest FedSpeak podcast is now available on MNI's website (and has been emailed to subscribers):

  • 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.

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