FOMC Lockhart: Path of rate increases to be gradual

Author: Greg Michalowski | Category: News

Atlanta Fed President speaks in Atlanta

Atlanta Fed President Dennis Lockhart is speaking in Atlanta. He has not dissented on any past FOMC votes.

He said:

  • Fed rate rise will soon be appropriate
  • Rate path, after initial hike may be slow and halting has fed feels its way towards a potentially lower equilibrium
  • Rate liftoff criteria for labor markets has been met.
  • Expects inflation to pick up amid little evidence that disinflation is likely
  • Encouraging data confirm US economy growing at moderate pace despite energy and export weakness
Nothing new but he looks like a trusting, happy guy (nice smile too).  
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