Impact of terrorist attacks will be transitory, Fed's Lacker says

Speaking on CNBC’s “Squawk Box” programme, the president of the Federal Reserve bank of Richmond, Jeffrey Lacker, said he still saw a need for interest rates to rise – immediately – Stateside.

Any impact from the 13 November terrorists attacks on Paris would be transitory, Lacker said.

He added that he still does not see any slack in labour markets.

Lacker was the lone dissenter at both last September and October’s meetings of the US Federal Open Market Committee, voting for a 25 basis point rise in the Fed funds rate on each occassion.