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Insight from Richmond Fed President

 (Image source: baltimoresun)

According to the Richmond Fed President Jeffery Lacker, going forward the Fed will use the $10 billion tapering as a baseline for further tapering along with relevant economic data. In an interview conducted on CNBC, Lacker indicated that 2015 is the most likely timeframe for the Fed to raise the fund rate. Lacker also predicted the fund rate climbing to 2 percent by the beginning of 2015.