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.

Update details:

- 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.

Reaction details:

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

Print 20:00, 08 Jan 2013 - Fed - Source: Newswires