Fed's Lacker: More interest rate adjustments are needed
|Richmond Fed's President Jeffrey Lacker is hitting the wires last minutes, via Reuters, saying that more interest rate adjustments are needed.
Key headlines:
Encouraged by Trump's pro-growth agenda
Hard-to-find serious examples overvaluation in markets
Expected US payroll growth to have slowed down by now
Says 60K job growth is needed to match labor force growth
Capacity expenditures is critical for improvement in productivity
Businesses have been holding back prior to the election
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