Statement

Name: Jeffrey M. Lacker

Summary: Richmond Fed President Jeffrey Lacker Comments on FOMC Dissent: "The Federal Open Market Committee (FOMC) decided on September 17, 2015, to maintain a target range of zero to 25 basis points for the federal funds rate. I dissented because I believe that an increase in our interest rate target is needed, given current economic conditions and the medium-term outlook."

Lean: Hawkish

Substantially Similar to Prior Statements: No

Statement Date: September 19, 2015

Publication Date: September 19, 2015

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