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They've got ideas for new factories to build. But they just can't do the math. They don't know what their health care costs are going to be. They don't know what marginal tax rates are going to be until Congress figures out how we're going to get on a sustainable fiscal path. There's going to be this uncertainty that's going to impede growth for some time, anyway."

Lacker is currently a voting member of the Fed's policy setting body, the Federal Open Market Committee. He is one of the Fed's inflation "hawks." He has dissented this year on every FOMC decision to help stimulate the economy. 

At the latest FOMC meeting last week, he voted against extending the Fed's latest stimulus program known as "Operation Twist," in which the Fed sells shorter-duration government securities to purchase longer-maturity ones to try to push down interest rates on mortgages and other longer-term loans. 

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