August 10, 2015 / 5:55 PM / 4 years ago

Fed's Lockhart says 'disposed' to September rate hike

ATLANTA (Reuters) - Atlanta Federal Reserve Bank president Dennis Lockhart said on Monday he was “disposed” to begin raising rates in September, but expected there would be a gap of at least one policy meeting between any subsequent increases.

“I remain very disposed to September being a possible date for a liftoff decision,” Lockhart told journalists following a speech in Atlanta. He emphasized, however, that rate hikes after the so-called liftoff would be gradual.

“In my mind, gradual is going to mean something less frequent than every meeting.”

Reporting by Howard Schneider; Editing by Paul Simao

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below