Fed’s Lacker Calls For Further Rate Hikes

Fed’s Lacker has joined Fed’s George, and apparently Fed’s Yellen, to form an axis of evil–hell bent on exacting the wholesale destruction of global trade, and especially the U.S. jobs market. Just last week, there were 1 or 2 Fed heads who sounded reasonable, highlighting the fact that the market has been in vapor-lock mode for the better part of 8 weeks–alluding to the idea of chilling the fuck out on interest rate hikes.

These fucking clowns.

But not Fed’s Lacker. He’s from Virginia, at the heart of the southern confederacy, and he wants to punish you yankee banker bastards for having it so damned good all these years gone by.

Lacker said estimates of the economy’s so-called natural real rate of interest, the rate when economists think there will be normal economic growth rates and stable inflation, is at or just above zero.

“This perspective would bolster the case for raising the federal funds rate target,” Lacker, who is not a voting member on the Fed’s rate-setting committee this year but participates in its discussions, said in prepared remarks for a university gathering in Baltimore.

Lacker’s speech followed comments by Kansas City Fed President Esther George on Tuesday that the Fed should consider raising rates at its March 15-16 meeting.

George and Lacker are among the Fed policymakers who most urge an active fight against future high inflation, or “hawks” in central banking parlance.

He furthered, a recession is not something worth taking seriously. As such, it would be wise to destabilize the US economy by prematurely hiking interest rates, into a maelstrom of capital cross-currents and looming oil debt reorganization, which may very well run well into the hundreds of billions of dollars.

The deflationary vortex is here. Board the ark (TLT). NASDAQ futures are down 51.