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Bank chief sees cause to worry over Fed policy

Steps to rev up economy crossing a line, he states

Posted: January 13, 2013 at 1:59 a.m.

Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, Va., has doubts that the Fed’s stepped-up purchases of bonds will do much to spur the nation’s economic recovery.

Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, Va., has doubts that the Fed’s stepped-up purchases of bonds will do much to spur the nation’s economic recovery.

Jeffrey M. Lacker, the Federal Reserve’s most persistent internal critic, does not much resemble a firebrand. He is personally cheerful, professionally inclined to see both sides of an issue and quick to acknowledge that he may not be right. He says he would rather be wrong.

This story is only available from our archives.

Business, Pages 63 on 01/13/2013

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