MAR 3, 2017
ORIGINAL SOURCE: Fed's Lacker, citing mistakes of '60s, plugs pre-emptive rate hikes by Jonathan Spicer of reuters.com on 3/3/2017
Richmond Federal Reserve Bank President Jeffrey Lacker wants to raise rates sooner to not make the mistake of policy decisions of the 60's that led to spiralling inflation.
He said that leaving rates to low and for to long would be disastrous. But some think the fed is trapped and there is no easy way out.
Read the full story here: Fed's Lacker, citing mistakes of '60s, plugs pre-emptive rate hikes