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The Richmond Fed President Jeffrey Lacker said on Friday that the Fed could start to raise its interest rate in June if "incoming economic reports diverge substantially from projections".
He added that it would be ok if the Fed will cut interest rate after rate hike if needed.
The Richmond Fed president expects that U.S. inflation will pick up toward the Fed's 2% target.
Lacker is a voting member of the Federal Open Market Committee this year.
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