The Traderszone Network

Published in TZ Latest News 10 August, 2015 by The TZ Newswire Staff

Fed ‘close’ to hiking rates, U.S. economy near normal – Lockhart

Economic conditions in the United States have largely returned to normal and a Federal Reserve decision to raise interest rates should come soon, Atlanta Fed President Dennis Lockhart said on Monday. “I think the point of ‘liftoff’ is close,” Lockhart said in prepared remarks for an address to the Atlanta Press Club. Lockhart, regarded as a centrist on the U.S. central bank’s policy-setting committee, did not in his prepared remarks repeat recent comments in which he said he is ready to vote for a rate hike next month.