News Headline Summary

Fed's Lacker says too much stimulus raises risk of inflation

Says:
- Recession made many consumers more cautious.
- US economy will probably grow at 2% this year.

Reaction details (00:02)

- No reaction is seen across asset classes as these comments are very similar to those made last Friday by Lacker.

Analysis details (00:02)

- Worth of note that Fed's Lacker is not a voting member this year, and last voted at the previous meeting. He is known for his hawkish stance.

08 Jan 2013 - 23:59 - Fixed Income Bank Speaker - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: