Richmond Fed President Jeffrey Lacker said in an interview with the Washington Post on Monday that an interest rate hike in June would be appropriate as inflation was moving toward the Fed’ 2% target, the labour market continued to strengthen and downside risks dissipated.
“To me that adds up to a pretty strong case for a June move,” he said.
Lacker is not a voting member of the Federal Open Market Committee (FOMC) this year.
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