Richmond Fed President Jeffrey Lacker said interest rates may need to rise "more briskly than markets anticipate" with unemployment at or near sustainable employment and inflation "very close" to the 2% target. Lacker, considered a hawkish member, said he expects 2% GDP growth in 2017, reflecting some probability of a fiscal boost, before growth slows to 1.75% in 2018 and beyond. Lacker isn't a voting Federal Open Market Committee member this year.
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