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Fed’s Lockhart Says Rising Rates Would Argue For More QE
Sees a ‘gradual improvement’ in the economy Growth ‘moderate’ inflation contained ‘More confident that the economy is gaining traction’ Still cautious If rates rise, it would argue for more QE Reluctant to endorse more QE under current conditions With outlook positive, he sees no need for QE Economy can be seen ‘half full or half empty’ Households feeling rising gas prices
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