NEW YORK (Dow Jones)--Richmond Federal Reserve President Jeffrey Lacker said he would consider an interest rate cut if the data on inflation and consumer spending suggest it was appropriate, according to Reuters.

"If evidence arrives that we need a policy move, of course I will consider it and I will take that evidence seriously...That evidence would be of the nature of information that alters the outlook for real spending and inflation," Reuters cited Lacker saying Tuesday.

However, he told Reuters that he "would not like people to believe that our sense of concern about inflation is diminished" because of the recent market turmoil.

Lacker is not currently a voter on the Federal Open Market Committee. Last year, he consistently voted for a rate hike after the central bank stopped tightening policy in August.

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