Fed's Lacker (hawkish, FOMC alternate in 2014): Sees 2014 GDP at just over 2% at low-end of consensus expectations of Fed policymakers; Expects taper to continue
- Sees inflation rising to 2%, productivity growth of 1% over next year or two
- Congress needs to deal with longer-term Federal budget problems
- There has been substantial improvement in labor markets since late 2012
- Congress needs to deal with longer-term Federal budget problems
- There has been substantial improvement in labor markets since late 2012