Lockhart Sees ‘Big Influence’ From Fed Pledge to Hold Rates Low
Federal Reserve Bank of Atlanta President Dennis Lockhart said the central bank should have a significant impact by pledging to hold interest rates low through at least mid-2013, while the commitment may change should the economy gain strength.
The central bank’s pledge “should have a big influence on the market,” Lockhart said in response to an audience question after a speech in Lafayette, Louisiana.
“Even that is conditional to an extent” and “could be revisited,” Lockhart said. “For the most part, we can count on it.”
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