Jeffrey Lacker, a “serial dissenter”

With his vote on Thursday, Mr. Lacker becomes tied for seventh place in the number of dissents among Fed officials during the central bank’s century-long existence, according to information from the St. Louis Fed. He has voted no 14 times, matching Darryl Francis, the St. Louis Fed president, from 1966 to 1976. [Note: Considering only Regional Fed Presidents, who vote much less often, he and Francis are # 2]

Lacker has been a FOMC participant since 2004. Although he´s tied with Darryl Francis, their inflation environment couldn´t be more different!

Lacker serial dissenter

Maybe his goal is to be #1! In the pursuit of that goal he´s already setting-up another dissent:

The Federal Reserve could get enough new information by its late October policy meeting to spur officials to raise short-term interest rates then, Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, said in an interview with The Wall Street Journal on Wednesday.


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