Lockhart Says Fed Shouldn’t Tie Policy to Unemployment Rate

Lockhart Says Fed Shouldn’t Tie Policy to Unemployment Rate

Jonathan Alcorn/Bloomberg

Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, also said the U.S. economy has been growing at about a 2 percent rate, “stuck in a slow-growth mode,” with inflation close to the FOMC’s explicit target of 2 percent.