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Fed's Lacker: doesn't fully support Fed exit strategy
"At the end of its meeting on Wednesday, the Federal Open Market Committee released a statement on policy normalization principles and plans. This statement was the result of the Committee’s discussions over recent meetings regarding ways to normalize the stance of monetary policy and the Federal Reserve’s securities holdings. I did not support the full statement. Specifically, I did not support plans for the assets on the Fed’s balance sheet. "I support the planned approach to conducting interest rate policy when the time comes to raise rates. This part of the statement describes the tools the Committee ... (full story)