Fed Presidents Speak Out

Banking, finance, and taxes

Published: January 4, 2013 2:46 pm

Last Updated: April 27, 2020 9:17 pm

In a speech today in Baltimore, Richmond Fed President Jeffrey Lacker said that he agrees with the view of most economists that U.S. inflation will be “a little less than 2 percent” in 2013. But Lacker, who is rotating out as a voting member of the FOMC, continues to remain vigilant on future inflation:

I see an increased risk, given the course the Committee has set, that inflation pressures emerge and are not thwarted in a timely way. I intend to remain alert for signs that our monetary policy stance needs adjustment.

St. Louis Fed President James Bullard, who is rotating in as a voting member of the FOMC, told CNBC that he supports the position revealed in yesterday’s release of the FOMC minutes that the Fed may cease its bond buying later this year. Bullard said he expected the unemployment rate to fall to around 7% in 2013, and that he favors the Fed’s current plan to maintain its stimulus program until the unemployment rate reaches 6.5%.

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.