Fed's Lacker: Yield curve up on optimism
Boosts from recovery hopes and predictions Fed will raise interest rates sooner than expected, Jeffrey Lacker says.
RALEIGH, N.C. (Reuters) -- Federal Reserve Bank of Richmond President Jeffrey Lacker said Wednesday that U.S. government bond yields may be rising due to optimism on a recovery, and views the Fed will raise interest rates sooner than had been expected.
"Rates have risen of late ... the leading interpretation of that movement is that it reflects greater confidence that economic recovery is coming and coming sooner than ... thought," Lacker told the North Carolina Senate Appropriations Committee in response to a question after he spoke on the economy. 
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