Jeffrey Lacker Quotations

Growth is proceeding on a solid pace this year, and inflation is low and stable. Plausible rates of moderation in housing activity will not pose a problem for overall activity this year or next.

The most important about thing transparency is the clarity of the public's understanding of our intentions.

rebounds pretty strongly from this sort of event. After several quarters of rebuilding, our productive capacity should be back to about where it would have been otherwise.

We're just going to have to see how things unfold.

It looks like we're weathering the energy shocks pretty well, but it is too soon to declare us out of the woods.

It is clear we're not done removing accommodation.

It is too early to say when we're going to stop,

Moreover, I don't see diminished housing-price appreciation as a major problem for consumer spending, since again, the primary determinant of spending is income, and we see solid and improving prospects for real incomes for the nation as a whole.

Both survey data and the market prices of inflation-protected Treasury securities tell us that the public expects inflation to continue to be contained. I am confident that we at the Fed have the knowledge and the will to validate those expectations.

I expect investment spending to be quite robust this year.