Markets

Fed's Lockhart: Need to see how Brexit plays out in medium term

Head of the Atlanta Federal Reserve branch, Reuters with the headlines (Lockhart speaking with CNBC)

  • Says underlying information on US economic growth more encouraging than headline GDP number
  • Still need to see how Brexit plays out medium term
  • Says he doesn't rule out rate hike at next Federal Reserve meeting or later
  • Says wants to see US economy "tell" fed it is okay to raise interest rates
  • Would like to see fiscal measures taken in next administration to help economic growth
  • He doesn't think Federal Reserve has reached limits of monetary policy but options more limited with rates near zero
  • Asset valuations at the moment particularly deserve watching because they are relatively high

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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