Richmond Fed’s Jeffrey Lacker to Retire October 1

Jeffrey Lacker, President of the Federal Reserve Bank of Richmond, announced his retirement effective October 1st. Lacker, known for his hawkish stance on inflation, has been a significant figure in the Federal Reserve since 2004. His departure marks a period of change for the Federal Reserve, with other leadership positions also opening up. Lacker's tenure was marked by his advocacy for higher interest rates and his influence on monetary policy, reflecting an old-school approach to Federal Reserve operations.

When did Jeffrey Lacker announce his retirement from the Federal Reserve Bank of Richmond?

• October 1st, 2023

• October 1st, 2017

• March 1st, 2011

• August 1st, 2004

What is Jeffrey Lacker known for during his tenure at the Federal Reserve?

• Advocating for lower interest rates

• Being a dovish policymaker

• Being an outspoken hawk on inflation

• Focusing on employment policies

What significant change is the Federal Reserve experiencing during Lacker's retirement?

• A decrease in interest rates

• A lot of turnover in key positions

• An increase in inflation

• A new monetary policy framework

Where did Jeffrey Lacker start his career within the Federal Reserve?

• San Francisco Fed

• Richmond Fed's research department

• Board of Governors

• New York Fed

What was one of Lacker's main focuses in his research at the Federal Reserve?

• Employment rates

• Fiscal policy

• Monetary aggregates

• International trade