Fed’s Lockhart: Time to Hike Rates Approaching
June 03, 2010 at 14:07 PM EDT
Atlanta Fed President Dennis Lockhart said Thursday that the U.S. economy has stabilized and it is almost strong enough to allow the Fed to begin raising interest rates. Reuters: “The time is approaching when it will be appropriate to consider recalibrating interest rate policy. I do not believe that time has yet arrived,” [...]