Fed officials say labour market criteria for liftoff has been met

FXStreet (Mumbai) - Federal Reserve officials – Lacker and Lockhart – were on the wires ahead of the FOMC minutes stating the improvement in the labour market has been significant and the criteria for the liftoff has been met.

Key Quotes from Lacker

The case for a Fed rate hike is strong, and the chance that Fed gets behind the curve is rising

The longer we wait the more aggressively we'll have to move

Expects inflation to stabilise around 2% going forward, says consumer spending is strong and sees no obvious bubbles

Key Quotes from Lockhart

Was ready to support hike in september

No predetermined rate path

Have met liftoff criteria of job mkt

Inflation expected to rise as oil, dollar stabilise
US economy is on a ‘reasonably solid path’