Fed's Lacker opposes more stimulus: Fox Business

Mon, 06/25/2012 - 11:35 EDT - Yahoo! Business News

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WASHINGTON (Reuters) - More monetary stimulus from the Federal Reserve would stoke inflation without doing very much for U.S. economic growth, Richmond Fed President Jeffrey Lacker, a consistent dissenter on the Fed's policy committee, said on Monday. Lacker told Fox Business in an interview that the U.S. central bank had done enough to support growth. He said keeping interest rates near zero was appropriate for now, but that borrowing costs might need to rise in late 2013. ...

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