-
Richmond Fed President Jeffrey Lacker Resigns After Admitting To 2012 Leak
Tuesday, April 4, 2017 - 4:31pm | 567Read More...Controversy has come calling at the doorstep of the Federal Reserve, with the Richmond Federal Reserve President Jeffrey Lacker calling it quits after admitting to leaking information about the deliberations among Federal Open Market Committee members in 2012. The statement by Lacker said his...
-
Gold Crushed After Hawkish Fed Comments
Thursday, May 19, 2016 - 10:30am | 368Read More...The 2016 market gold rush may be coming to a screeching halt. Gold sold off hard following an unexpectedly hawkish Fed minutes release on Wednesday, and the metal hit new three-week lows in early Thursday following a hawkish follow-up interview by Richmond Fed Chair Jeffrey Lacker. Lacker told...
-
QE2 Should Be "High-Water Mark" For Stimulus
Tuesday, May 10, 2011 - 12:50pm | 129Read More...Richmond Federal Reserve president Jeffrey Lacker is out with some comments today regarding monetary policy, and he said that the second round of quantitative easing should be the "high-water mark" of stimulus efforts. Lacker wants to keep inflation in check, and is a noted inflation hawk. He...
-
February Economic Numbers Blow Out Estimates
Tuesday, February 22, 2011 - 11:02am | 58Read More...February consumer confidence data was just released, and it came in much better than expected. It came in at 70.4 versus estimates of 67.0. January's consumer confidence was revised up to 64.8. The February Richmond Fed index came in at 25 versus expectations of 18. The Dow is off 57 points, the...
-
Could QE2 End Early?
Tuesday, February 8, 2011 - 11:20am | 350Read More...Richmond Federal Reserve Jeffery Lacker is discussing the re-evaluation of QE2, due in large part to better economic conditions. Here's a link to the prepared speech that Lacker is giving today to the University of Delaware. In the text, Lacker talks about re-evaluating the $600 billion bond buying...
-
Richmond Fed Better Than Expectations
Tuesday, November 23, 2010 - 11:25am | 46Read More...The November Richmond Federal Reserve manufacturing index came in better than expected. It showed a reading of 9, versus the expected reading of 6. Stocks are near session lows, with the Dow Jones off 150 points, the NASDAQ is off 33 points and the S&P 500 is off nearly 17 points.
