Fed's Lacker Says Second-quarter Rate Lift Off Next Year 'plausible': CNBC

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Fed's Lacker Says Second-quarter Rate Lift Off Next Year 'plausible': CNBC

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Fed's Lacker Says Second-quarter Rate Lift Off Next Year 'plausible': CNBC

by Wochit 0:36 mins

Fed's Lacker Says Second-quarter Rate Lift Off Next Year 'plausible': CNBC

by Wochit 0:36 mins

Richmond Federal Reserve President Jeffrey Lacker said on Thursday that he believes the Fed could raise U.S. interest rates around the second quarter of next year. Lacker, in an interview with CNBC, was asked where he stands on the timing of a rate hike. He said,"I put myself in the second quarter of next year." "That would be the central tendency of where I think a plausible range of dates on which we lift off is."Lacker added that he sees a long-term structural growth rate of around 2 percent or slightly better.

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