A Bold Dissenter At The Fed, Hoping His Doubts Are Wrong

An interesting NYT interview of one of the few inflation hawks on the Fed:

But for the last several years, Mr. Lacker, president of the Federal Reserve Bank of Richmond, has warned repeatedly that the central bank’s extraordinary efforts to stimulate growth are ineffective and inappropriate and, worst of all, that the Fed is undermining its hard-won ability to control inflation.

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Unfortunately, Lacker won't be a voting FOMC member again until 2015.