Comments from Richmond Fed hawk Jeffrey Lacker:
– Firming of wage gains suggests inflation pressures might emerge this year
– Fed needs to be careful not to overreact to events in China
Oh man, I’d love to put this guy in charge of the Fed one day. The Fed selling $100B in Treasuries a month would be a bloodbath.
Fed’s Lacker: There is a clear upward trend in place for avg hourly earnings
ByAdam Button
Jan 8, 2016