Bloomberg News

Fed’s Lacker Says U.S. Credit Markets on ‘Upward Trajectory’

March 29, 2012

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.

To contact the reporter on this story: Steve Matthews in Atlanta at

To contact the editor responsible for this story: Chris Wellisz at

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