Economics
Fed’s Lockhart Urges Serious Discussion of Rate Hike This Month
- Atlanta Fed president says growth is picking up in 3rd quarter
- Fed’s Kashkari says he sees no urgency amid sluggish inflation
Can Hawkish Talk From 'Dove' Brainard Move Markets?
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Federal Reserve Bank of Atlanta President Dennis Lockhart repeated his call for a “serious discussion” about raising interest rates at the U.S. central bank’s meeting later this month, even after some recent disappointing economic indicators.
“Notwithstanding a few recent weak monthly reports -- from the Institute for Supply Management, for example -- I am satisfied at this point that conditions warrant that serious discussion,” Lockhart Monday in Atlanta.