Fed presidents still divided on timing of rate hike
Nonetheless united in desire for more data
Fed officials remain divided on the question of when to start raising interest rates, with three Federal Reserve Bank presidents articulating different views yesterday.
Many observers were rocked by the latest job figures released April 3, which revealed non-farm payroll employment increased by just 126,000 in March – well below the levels achieved in recent months.
For Dennis Lockhart, the Federal Reserve Bank of Atlanta president, this added to the "murky economic picture" and "brought the
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