Federal Reserve President Lacker: Interest rates...

http://baltimorecheckbook.tumblr.com/post/155494019982/federal-reserve-president-lacker-interest-rates#_=_

Federal Reserve Bank of Richmond President Jeffrey Lacker says interest rates may need to rise at a faster pace than markets currently anticipate due to the possibility of “substantial” changes in regulatory and economic policies under Donald Trump’s administration. “Inflation should continue to converge on 2 percent over the next year,” Lacker said in prepared remarks Friday. “Monetary policy rates are likely to increase, and my view is that they may need to increase more briskly than markets appear…