Economics
Fed’s Lockhart Says At Least One Rate Hike May Be Needed in 2016
- Economic growth is picking up, Atlanta Fed president says
- Still, Lockhart is ‘not locked into any policy position’
Fed's Lockhart on Rate Hike Outlook, Policy: Media Q&A
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Federal Reserve Bank of Atlanta President Dennis Lockhart said he’s confident that U.S. economic growth is accelerating, setting the stage for at least one increase in interest rates this year.
“I’m not locked in to any policy position at this stage, but if my confidence in the economy proves to be justified, I think at least one increase of the policy rate could be appropriate later this year,” Lockhart said in the text of remarks on Tuesday to the Rotary Club of Knoxville, Tennessee.