Economics
Lockhart Says He Still Backs Fed Rate Liftoff by December
- The Atlanta Fed chief says `ambiquity' in recent data
- Lockhart say outlook intact but sees bit more downside risk
Lockhart: Fed Liftoff by December Is Likely Appropriate
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Federal Reserve Bank of Atlanta President Dennis Lockhart said the first interest rate increase since 2006 will likely be warranted later this month or in December.
“The economy remains on a satisfactory track, and, speaking for myself, I see a liftoff decision later this year at the October or December FOMC meetings as likely appropriate,” Lockhart said in prepared Friday in New York, referring to the Federal Open Market Committee.