Fed's Lacker: More interest rate adjustments are needed

Richmond Fed's President Jeffrey Lacker is hitting the wires last minutes, via Reuters, saying that more interest rate adjustments are needed.

Key headlines:

Encouraged by Trump's pro-growth agenda

Hard-to-find serious examples overvaluation in markets

Expected US payroll growth to have slowed down by now

Says 60K job growth is needed to match labor force growth

Capacity expenditures is critical for improvement in productivity

Businesses have been holding back prior to the election