Jeffrey Lacker, one of the Federal Reserve’s most hawkish policy makers, warned that the US central bank may have to raise rates more than three times next year and said he doesn’t know if policy makers are already behind the curve on inflation, NewsNow reported. “If we were to see a burst of demand growth, that would suggest a steeper path of rates to maintain price stability,” the president of the Federal Reserve Bank of Richmond told reporters after taking part in a panel discussion in Charlotte, North Carolina. Lacker, one of the Fed’s firmest anti-inflation hawks, said it was unclear what economic policy would look like under president-elect Trump administration.
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