The Federal Reserve took a historic step at the end of last year when it raised interest rates for the first time since the 2008 financial crisis took down the U.S. economy. The move was intended to signal the central bank's confidence in the progress of the nation's recovery, but since then, its faith has been tested. A slowdown in the broader global economy and turmoil in financial markets have kept the Fed from moving again, and investors are overwhelmingly betting that the central bank will stay its hand once more when it meets in June. But Jeffrey Lacker, president of the Federal Reserve of Richmond, says there ... (full story)