Fed's Lacker (hawkish, non-voter): I am not among the 'stagflationists', consumers likely to be continue to be cautious - expects 2013 GDP at 2% and a little above 2% in 2014 - Current federal budget is unsustainable in the long run
Fed's Lacker (hawkish, non-voter): I am not among the 'stagflationists', consumers likely to be continue to be cautious - expects 2013 GDP at 2% and a little above 2% in 2014 - Current federal budget is unsustainable in the long run