Bank OK with the Academy of National Economy
A banker leader signed a positive, albeit cautiously, prospects for the economy of the nation during an economic forum on Wednesday at Frederick Community College.Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, believes, inflation can be maintained at about 2 per cent.
The central theme of the economy, inflation is the main priority of the Federal Reserve Bank, he said.
Lacker and Kathy Snyder, President of the Maryland Chamber of Commerce, spoke of the Mid-Atlantic Economic Symposium 2007.
Foreclosures and a slumping market for real estate, fly in the soup for the economy, but Lacker said he did not think that aspect spill-over, across the image as much as many people, including the press.
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