Fed’s Lockhart says it will soon be appropriate to raise rates

By FXStreet FXStreet (Córdoba) – Dennis Lockhart, Atlanta Fed President, said that it will soon be appropriate to raise rates, given current conditions and his outlook views.

Speaking at DeKalb Chamber of Commerce he said he expects the path of policy increases to be relatively gradual or shallow, reflecting a cautious approach to the tightening of financial conditions shaped by policy.

“In my opinion, the decision to raise the bedrock policy rate, when and if it comes, should be seen as affirming that the economic outlook is positive. I would hope the announcement effect would bolster confidence in our economic future and contribute to the very outcome I’ve forecasted as the outlook yields to reality”, Lockhart concluded.
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Source:: FX Street