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Lockhart: Only major weakness would prevent him backing September hike
Dennis Lockhart, the president of the Atlanta Fed, on Tuesday said he supports a rate hike at the U.S. central bank's next policy meeting in September. In an interview with the Wall Street Journal, Lockhart said it would take major weakness in the data to convince him not to move. "I think there is a high bar right now to not acting, speaking for myself," Lockhart said. The Atlanta Fed president is a voting member on rate policy this year. He is seen by Fed watchers as a key bellwether of the thinking of the majority on the U.S. central bank due to his pragmatic approach to economic issues. Lockhart is the second Fed ... (full story)
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