Lacker is 100% right, rates should be higher, but there not because yellen and her central bank friends keep feeding all of the economies with cheap free money and historical low interest rates......notice how the job numbers all the sudden changed everyone's opinion on that possible September rate hike, its all a fu$king joke, its all talk and zero action...nothing will ever be aligned perfectly to create the so called rate hike the fed talks about, its not possible so they use that as the excuse to keep rates at historical lows....sign up Lacker for fed chairman immediately, this guy is all talk but no one is listening.
http://www.cnbc.com/2016/09/02/feds...e-significantly-higher-than-they-are-now.html
http://www.cnbc.com/2016/09/02/feds...e-significantly-higher-than-they-are-now.html