The Traderszone Network

Published in TZ Latest News 26 March, 2015 by The TZ Newswire Staff

Fed’s Lockhart says economy is in solid shape for rate tightening cycle

Atlanta Federal Reserve Bank president Dennis Lockhart said on Thursday there was little risk of a misstep that would force the Fed to lower rates once it begins raising them. The economy is in solid shape to weather the upcoming turn to tightening monetary policy Lockhart, said at an investment education conference in Detroit. “Conditions are pretty solid,” said Lockhart, who regards an initial rate hike at the June, July or September Fed meetings as a high probability. “I take the decision pretty seriously,” Lockhart said.