ATLANTA Jan 13 The Federal Reserve should
clarify its future plans for raising interest rates now that
U.S. unemployment has dropped to 6.7 percent, close to the
central bank's stated threshold of 6.5 percent for considering
tighter policy, a top Fed official said.
"The drop from 7 to 6.7 percent I think reinforces the need
to add some qualitative interpretation to the threshold or to
find a different way to communicate," Atlanta Fed President
Dennis Lockhart told reporters on Monday.
The Fed has said it will keep rates near zero well past the
time unemployment falls below 6.5 percent, especially if
inflation remains below its 2 percent target.