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!
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.
In the next recession, the Fed should shutter the Richmond bank facility, in order to save money.
And the Richmond Fed has Robert Hetzel! Why doesn´t Lacker listen to him?
Lacker is the Vladimir Putin of monetary policy! He is trying to create a multi-polar Fed!