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Fed’s Lockhart Says Low Interest Rates Likely to Persist

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.

To contact the reporters on this story: Steve Matthews in Atlanta at smatthews@bloomberg.net;

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

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