• Fed's Lacker: Prefer qualitative approach to unemployment

Market news

17 December 2012

Fed's Lacker: Prefer qualitative approach to unemployment

  • There is a danger to fix their attention on specific target levels

  • I am glad, that may no longer tied to specific calendar dates

  • Struggling to provide stimulus without damaging price stability

  • Inflation is expected in 2013 will be at 1.8%

  • GDP growth in 2013 is projected to be up 2%

  • I think that it will take 3 years to reach the level of unemployment 6.5%

  • Great balance makes the Fed more vulnerable to minor errors

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