Two More Fed Officials Play Down Brexit Impact on U.S. Growth
- Atlanta Fed chief Lockhart sees ‘negligible’ near-term effect
- Kansas City’s George advocates for gradual Fed hikes to resume
Dennis Lockhart.
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Brexit was a dark cloud on the horizon for the Federal Reserve. With the storm passing, a number of officials have said that repercussions from Britain’s vote to quit the European Union probably won’t derail the U.S. economy, or stop them from raising interest rates.
Comments Thursday from the presidents of the Federal Reserve Banks of Kansas City and Atlanta chimed with other remarks from U.S. central bankers playing down the likely fallout from the U.K. referendum as they prepare for a policy meeting later this month.