Another Year Before US Rate Rise; Inflation Unclear: Fed's Lockhart - Presented by: The Aol. On Network

A centrist Federal Reserve policymaker said on Friday near-zero U.S. interest rates will likely be appropriate until the second half of next year, adding he'll need a few more months of data to determine whether inflation is really headed up to the U.S. central bank's 2-percent target. Dennis Lockhart, president of the Atlanta Fed, said he would even be comfortable overshooting the target, perhaps to 2.5 percent, as the Fed adjusts policy to react to an improving economy.



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