The Federal Reserve can still hike interest rates this year, according to a key central bank decision-maker.
Atlanta Fed President Dennis Lockhart said in Monday afternoon remarks that 2015 could still see Fed tightening, and that he is “comfortable enough” with inflation to initiate a hike.
“As things settle down, I will be ready for the first policy move on the path to a more normal interest rate environment,” he said in prepared remarks. “I am confident the much-used phrase ‘later this year’ is still operative.”
The Federal Open Market Committee, of which Lockhart is a voting member, said in a statement last week that it had opted to leave the key federal funds rate unchanged. Many had speculated that the Fed could have announced its first rate hike since 2006.
via CNBC
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Alfonso Esparza