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Jeffrey Lacker: Should Be Standing Pat Now, Not Easing Further
Market News International | Thursday, November 15, 2012
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Richmond Federal Reserve Bank President Jeffrey Lacker Thursday urged against any further injections of monetary stimulus into the U.S. economy, arguing that a ballooning balance sheet complicates the central bank's exit strategy down the road, and it is not certain that more aid from the Fed — on its own...

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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