WASHINGTON - Richmond Federal Reserve Bank President Jeffrey Lacker Friday expressed his belief that additional monetary easing by the Fed will not have a significant impact on the stuttering U.S. recovery without fueling inflation at a rate that exceeds the central bank's comfort level.

"A significant increase in inflation could threaten the Fed's credibility and make it more difficult to achieve the Committee's longer-run goals, including maximum employment," Lacker said in a statement explaining his lone dissent against the Federal Open Market Committee decision Wednesday to renew its maturity extension program.

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