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