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via seekingalpha.comEconomy

Lacker surprised by Fed's approach amid persistent inflation

FROM THE WIRE · SEEKINGALPHA.COM

[Federal Reserve System Fed of USA chairman press conference concept. Tribune with symbol and flag of FRS and United States.] Bet_Noire Former Richmond Fed President Jeffrey Lacker expressed surprise at the Federal Reserve's measured approach to persistent inflation, telling…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHawkish commentary that could push US yields higher and weigh on equities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Former Richmond Fed President Lacker expected stronger action by now.
  2. 02Inflation has remained around 3% to 3.5% for an extended period.
  3. 03Two FOMC officials dissented in favor of a quarter-point rate hike.

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