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Fed Presidents Wary of Tightening Too Soon as Economy Cools

Federal Reserve Vice Chairman Stanley Fischer

Federal Reserve Vice Chairman Stanley Fischer

Photographer: Andrew Harrer/Bloomberg
Updated on

Two Federal Reserve officials said that a recent run of weak economic data makes them wary of raising interest rates too soon, reinforcing forecasts that the Fed will wait until September to tighten.

Atlanta Fed President Dennis Lockhart said Thursday that a move in June is “not my preference” although “I don’t take June off the table.”