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Main » 2015 » December » 8 » Lockhart is ready to raise interest rates in December
Lockhart is ready to raise interest rates in December

The president of the Federal Reserve Bank of Atlanta Dennis Lockhart on Monday expressed support for raising short-term interest rates at the upcoming meeting to be held on 15-16 December.



Lockhart said that all the necessary criteria for the tightening of monetary policy, the Fed indicated, have been met.

It is worth noting that at the moment some of the Fed openly stated the need to tighten policy, others only marked the readiness to act at the meeting. Recall Dennis Lockhart is entitled to vote at a future meeting.

Interest rates are near zero since 2008, the year when the global financial crisis has affected the entire planet and the economic situation has deteriorated considerably.

Most market participants expect a rate hike, if it does not, then the regulator's reputation will suffer. It was expected that the Fed will raise interest rates in September, but was postponed for tightening time, the main reason - the central bank fears about slowing economic growth in China and other developing countries.

To date, according to Lockhart's no reason to delay the rate hike, as the unemployment rate records sufficiently low threshold, and inflation will continue to accelerate. A relative growth rates of China, Lksart commented as follows, although "the pace of China's economic growth will be slower than in recent years, but still quite good."

Also, on his speech, Lockhart expressed confidence that the beginning of the cycle of rate hikes the Fed will not lead to fluctuations in the financial markets and the destabilization of the emerging economies. 

A source

According to the materials WELTRADE


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