It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Would Romney in the white house raid interest rates? (and what would happen if he did?)
WASHINGTON (Dow Jones)--The Federal Reserve will likely need to start raising interest rates in the middle of next year to keep inflation in check, Federal Reserve Bank of Richmond President Jeffrey Lacker said in a statement early Friday.
"I dissented because I do not believe economic conditions are likely to warrant an exceptionally low federal funds rate for this length of time," Lacker said in the statement. "My current assessment is that an increase in interest rates is likely to be necessary by mid-2013 in order to prevent the emergence of inflationary pressures."