Fed's Lockhart Suggests Pace of Four Rate Increases Over a Year

  • Lockhart says 'gradually' means tightening 'not every meeting'
  • Head of Atlanta Fed, in radio interview, sees global pickup

Can the U.S. Economy Survive Fed Tightening?

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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