Federal Reserve Bank of Atlanta President Dennis Lockhart: the June to September period remained a “reasonable time frame” to hike interest rates

Market news

1 April 2015

Federal Reserve Bank of Atlanta President Dennis Lockhart: the June to September period remained a “reasonable time frame” to hike interest rates

The Federal Reserve Bank of Atlanta President Dennis Lockhart said on Wednesday that the U.S. economy will pick up in the second quarter. He added that a slowdown in the economy in the first quarter was temporary.

Lockhart noted that the June to September period remained a "reasonable time frame" to hike interest rates.

The Federal Reserve Bank of Atlanta president believes that more people are not recorded in official unemployment figures.

Lockhart is a voting member of the Federal Open Market Committee this year.

Foreign exchange market. American session: the U.S. dollar traded mixed to lower against the most major currencies after the weaker-than-expected U.S. economic data

Construction spending in the U.S. is down 0.1% in February

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