MNI PODCAST: FedSpeak-Inflation To Keep Fed On Hold - Lacker

EXECUTIVE SUMMARY

• Former Richmond Fed President Jeffrey Lacker thinks the Fed will keep rates on hold for much of the year if not the whole year.
• He also believes the market's assumption that the next move is a cut is premature: "If it gets to December and inflation is 4% at an annual rate, they should raise rates, even if unemployment is rising."
• Lacker thinks the Fed should be comprehensive in its framework review and avoid a "skinny" review. In particular, he wants the Fed to be more specific about how it defines the full employment side of its mandate. 

Listen to the full podcast here.