Jeffrey Lacker Prospect Quotations

On the one hand we've got some good core numbers in the last few months, but on the other hand, we're facing the prospect now of the possibility of the energy price surge passing into core prices, and we don't want to see that.

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.