Fed's Lockhart Suggests Pace of Four Rate Increases Over a YearBy
Lockhart says 'gradually' means tightening 'not every meeting'
Head of Atlanta Fed, in radio interview, sees global pickup
Federal Reserve Bank of Atlanta President Dennis Lockhart said the central bank’s commitment to a “gradual” tightening suggests interest rates could be raised at every other meeting of the policy-setting Federal Open Market Committee, though the actual pace will depend on incoming economic data.
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