August 4, 2015 / 6:25 PM / 4 years ago

Fed's Lockhart says ready to support September rate hike - WSJ

Dennis Lockhart, President of the Federal Reserve Bank of Atlanta in Jackson Hole, Wyoming August 21, 2014. REUTERS/David Stubbs

WASHINGTON (Reuters) - Atlanta Federal Reserve president Dennis Lockhart has said it would take “significant deterioration” in the U.S. economy for him to not support a rate hike in September, according to the Wall Street Journal.

“I think there is a high bar right now to not acting, speaking for myself,” Lockhart said in an interview with the newspaper. “It will take a significant deterioration in the economic picture for me to be disinclined to move ahead.”

Reporting by Howard Schneider; Editing by Chizu Nomiyama

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