Fed’s Lockhart Sees Potential for Raising Rates ‘Before Long’

  • Lockhart supported waiting to see more progress toward goals
  • Atlanta Fed chief wants to see remaining labor slack absorbed

Dennis Lockhart

Photographer: Chris Rank/Bloomberg

Federal Reserve Bank of Atlanta President Dennis Lockhart said the central bank is nearing its goals of maximum employment and steady inflation near 2 percent, leaving the economy primed for an increase in borrowing costs.

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