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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.

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Business, Pages 63 on 01/13/2013

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