Fed’s Lacker: Rising Oil Prices Are a ‘Manageable Risk’ for the U.S. Economy

Rising oil prices are a “manageable risk” for the U.S. economy, a veteran Fed official said Friday. “I think that the oil price increase we’ve seen so far doesn’t pose a risk to the recovery,” Federal Reserve Bank of Richmond President Jeffrey Lacker said. But he also warned “oil price changes could have the potential, if they were very large, for slowing the economy.” – The WSJ