Fed's Lacker: July Would've Been Good Time to Raise Rates

The speaker reflects on their past and current views regarding interest rate increases, expressing a preference for earlier action. They discuss their decision-making process, emphasizing the importance of listening to colleagues and considering evidence. The speaker highlights the risks of delaying rate increases, supported by data analysis.

When did the speaker initially believe interest rates should have been raised?

• Last September

• In 2015

• Last June

• In 2016

What is the speaker's approach before making a decision in meetings?

• They make decisions independently

• They rely on past decisions

• They consult external experts

• They listen to colleagues' opinions

Why does the speaker keep an open mind before meetings?

• To follow a routine

• To delay decisions

• To consider new evidence

• To avoid making decisions

What does the speaker suggest about the delay in raising interest rates?

• It stabilizes the economy

• It increases risks

• It has no impact

• It reduces risks

According to the speaker, what does the evidence on the graph indicate?

• Interest rates are irrelevant

• Interest rates should decrease

• Interest rates should remain the same

• Interest rates should increase