Federal Reserve Bank of Richmond President Jeffrey Lacker said U.S. credit markets have started to improve three years after the last U.S. recession.
“We are still on a journey in how we regulate and understand” debt instruments, Lacker said today at a conference at the Richmond Fed’s branch in Charlotte, North Carolina.
“Credit markets have obviously taken a hit in the last couple years” and now “seem on an upward trajectory,” Lacker said. He plans to deliver a speech in Charlotte at 6:45 p.m.
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