Jeffrey Lacker Quotes (11 Quotes)

Moreover, I don't see diminished housing-price appreciation as a major problem for consumer spending, since again, the primary determinant of spending is income, and we see solid and improving prospects for real incomes for the nation as a whole.

Monetary policy should respond to energy shocks by remaining focused on price stability. I think it is too soon to declare that 'pass-through risk' is entirely behind us.

I expect investment spending to be quite robust this year.

The most important about thing transparency is the clarity of the public's understanding of our intentions.

Both survey data and the market prices of inflation-protected Treasury securities tell us that the public expects inflation to continue to be contained. I am confident that we at the Fed have the knowledge and the will to validate those expectations.

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,

Thus, whenever the current sequence of tightening moves reaches completion, short-term interest rates should not be expected to remain constant for an extended period of time.

I think my concern about inflation is distinctly higher now

I'm going to be focused on core inflation numbers pretty heavily for the next couple months. The fourth- quarter core inflation number really caught my eye.

Growth is proceeding on a solid pace this year, and inflation is low and stable. Plausible rates of moderation in housing activity will not pose a problem for overall activity this year or next.

It is clear we're not done removing accommodation.