Relevant:
- Bernanke says unemployment hasn't improved enough to slow stimulus
- Fed's Lacker Opposed QE3 as Tantamount to Fiscal Policy
- Fate of Housing Finance Poses Risk to Broader Economic Recovery: Lacker
- Jeff Lacker, Suddenly Uncomfortable With These Fed Lending Facility Things
- Bernanke: Bond Buying, Low Rates To Last Past Growth
2012-10-02 — cleveland.com
``Responding to a question after his speech, Bernanke said he disagreed with a minority of analysts who fear another recession is nearing. But he said the economy is growing at an annual rate of only between 1.5 percent and 2 percent -- too slow to lower unemployment much.
The Fed's decision last month to launch a new mortgage-buying program was approved by its policy committee, 11-1. Jeffrey Lacker, head of the Federal Reserve Bank of Richmond, cast the lone dissenting vote. Lacker has argued that further bond buying won't likely provide much economic help and risks igniting inflation in the future.''
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