Lockhart Says Fed Unlikely to Tighten U.S. Monetary Policy Before Year-End

Federal Reserve Bank of Atlanta President Dennis Lockhart said he doesn’t expect the central bank to tighten U.S. monetary policy by the end of the year with inflation low and the economic recovery fragile.

“I wouldn’t rule it out entirely, but at this stage I personally am not leaning in the direction of thinking that is absolutely required,” Lockhart said to reporters today during an Atlanta Fed conference at Stone Mountain, Georgia.

To contact the reporters on this story: Steve Matthews in West Palm Beach, Florida, at 1310 or smatthews@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net

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