Economics
Two Fed Officials Point to Possibility of April Rate Hike
- Lockhart says U.S. data may justify move as soon as April
- Williams says April and June both possibilities for action
Dennis Lockhart.
Photographer: Scott Eells/BloombergThis article is for subscribers only.
Two Federal Reserve officials said interest-rate increases may be warranted as soon as the central bank’s meeting next month, citing solid readings on the U.S. economy despite headwinds from abroad.
“There is sufficient momentum evidenced by the economic data to justify a further step at one of the coming meetings, possibly as early as the meeting scheduled for end of April,” Federal Reserve Bank of Atlanta President Dennis Lockhart said Monday in Savannah, Georgia.