The Economic Outlook--speech by Jeffrey Lacker of the Federal Reserve Bank of Richmond to the Charlotte Risk Management Association in Charlotte, North Carolina on Aug. 21, 2007 at 12:30pm.
Basically, he said don't look for the fed to cut the federal funds rate soon.
However, that may be just as believable as William Poole's comments that only a "calamity" would justify an interest rate cut, the day before the Fed cut the discount rate.
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