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Strategic Briefing | 6.22.12 | Debating Monetary Policy (Still)

Fed's Lacker Says Operation Twist Won't Help Growth, Jobs
Bloomberg | June 22
Federal Reserve Bank of Richmond President Jeffrey Lacker said he dissented from the Fed’s $267 billion extension of its Operation Twist program believing it would spur inflation and not significantly help the economy. “I do not believe that further monetary stimulus would make a substantial difference for economic growth and employment without increasing inflation by more than would be desirable,” Lacker said in a statement today from the Richmond Fed.