Jeffrey Lacker
Jeffrey Lacker
Jeffrey M. Lackeris an American economist and president of the Federal Reserve Bank of Richmond since 2004...
concern higher inflation
I think my concern about inflation is distinctly higher now
clarity understanding
The most important about thing transparency is the clarity of the public's understanding of our intentions.
declare energy looks shocks soon
It looks like we're weathering the energy shocks pretty well, but it is too soon to declare us out of the woods.
early
It is too early to say when we're going to stop,
expect investment quite robust spending
I expect investment spending to be quite robust this year.
capacity productive quarters rebounds several sort strongly
rebounds pretty strongly from this sort of event. After several quarters of rebuilding, our productive capacity should be back to about where it would have been otherwise.
build changing commitment conditions continue economic low preserve respond
To preserve and build on the credibility we already enjoy, we will need to continue to respond to changing economic conditions in a way that confirms our commitment to low inflation,
We're just going to have to see how things unfold.