Feb. 28 (Bloomberg) -- Federal Reserve Bank of Atlanta President Dennis Lockhart said near-zero interest rates are likely to persist for “some time.”
“It is fair to continue to predict we will have a low interest-rate environment for some time,” Lockhart said today in a speech at the Atlanta Fed. That will be a challenge for U.S. banks, which will have “tight” margins from lower net interest income, he said.
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