Lockhart Says Fed Weighs Role of Funds Rate Amid QE Exit
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Federal Reserve Bank of Atlanta President Dennis Lockhart said the U.S. central bank is weighing the future role of its main interest rate as it unwinds an unprecedented stimulus program amid economic growth.
Lockhart told reporters in the Saudi Arabian capital, Riyadh, that the Federal Reserve is testing a “variety of policy tools.” The federal funds rate “has a role but it may or may not be as dominant as it was in the past,” he said today.