Fed Is Likely to Raise Rates By End of the Year

CNBC.com
April 1, 2011

Richmond Federal Reserve President Jeffrey Lacker told CNBC Friday that he “wouldn’t be surprised” if the central bank raised interest rates before the end of the year.

In an interview at a banking meeting hosted by the Richmond Fed, Lacker said ending the Fed’s bond-buying stimulus program also “deserves consideration.”

He gave no timetable for the rate hikes and other actions. “The exact sequencing of that is something we’re hashing out and trying to think through,” he said.

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This article was posted: Friday, April 1, 2011 at 6:40 am

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