Economics
Fed Has Room for More Rate Increases in 2017, Lockhart Says
- Former Bank of Atlanta President says Fed not behind the curve
- Lockhart sees U.S. “reasonably close” to full employment
Lockhart Says March 15 Fed Decision Was Premised on Data
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The Federal Reserve has room for two more rate increases this year, as the economy seems “reasonably close” to full employment and is likely to gather pace, former Federal Reserve Bank of Atlanta President Dennis Lockhart said.
“The committee is pretty solidly optimistic about the outlook for at least the medium term, and that would be the continuation of a moderate pace of growth,” Lockhart, who retired at the end of February, said in an interview with Bloomberg Television’s Yvonne Man in Hong Kong on Monday. “It’s appropriate to begin to remove a little bit of the ultra-accommodation.”