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Fed Dissenter Cites Inflation, Interest Rates

Sunday, September 16, 2012 - 10:15 AM
From the MarketWatch
The sole dissenter in the Federal Reserve’s move to a third round of bond purchases [Jeffrey Lacker, president of the Richmond Fed] explained the reasoning behind his nay vote on Saturday, saying he fears that it could lead to higher inflation and interest rates.

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It should be noted that Lacker is the only dissenter on the FOMC who's a voting member.
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Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
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