Lockhart Says Fed Guidance May Signal Rates Stay Low Longer
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Federal Reserve Bank of Atlanta President Dennis Lockhart said policy makers may revise their forward guidance to signal they don’t intend to raise interest rates any time soon.
Fed officials have said since December that an increase in the main interest rate wouldn’t be on the table until “well past” the time unemployment falls below 6.5 percent. The jobless rate stood at 6.7 percent in December.