Atlanta Fed president ‘not prepared to rule out’ further rate rise this year
GDP headline growth figures less reliable than “final real sales”, Lockhart argues
The president of the Federal Reserve Bank of Atlanta has said the US central bank may raise interest rates at least once in the coming year. Although Dennis Lockhart conceded recent headline GDP growth figures for the US were "troubling", he said he did not "believe momentum has stalled".
Current US growth rates might not seem compatible with further monetary tightening, Lockhart told an audience in Knoxville, Tennessee on August 16. But, he said, "I, as one Fed policymaker, am not prepared to
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