Fed's Lacker says the improvement in the labour market has been substantial

Jeffery Lacker on CNBC

• The case for a Fed rate hike is strong
• The chance that the Fed gets behind the curve is rising
• The longer we wait the more aggressively we'll have to move
• Expects inflation to stabilise around 2% going forward
• Says consumer spending is strong
• Doesn't see any obvious bubbles

Lacker has been the only dissenter on the FOMC