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05.08.2015 09:04 Federal Reserve Bank of Atlanta President Dennis Lockhart: the U.S. economy is ready for the first interest rate hike

Federal Reserve Bank of Atlanta President Dennis Lockhart said on Tuesday that the U.S. economy is ready for the first interest rate hike. He added that only a "significant deterioration" in the economic data could convince him not to raise interest rates.

 

 

"I think there is a high bar right now to not acting, speaking for myself," Lockhart said.

 

 

Lockhart is a voting member of the Federal Open Market Committee this year.



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