Lockhart needs higher wage growth and participation before raising rates
Atlanta Fed chief says higher inflation is not sufficient
The US economy needs to show more growth in wages and participation before the FOMC can judge it to have reached ‘full employment', according to Dennis Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta.
Speaking at an ‘economic summit' at Jackson Hole, Wyoming, on Friday, Lockhart said higher recent inflation numbers "are welcome, in my view", but there is not enough evidence "to be sure price stability is here or near". He said he requires "other indicators
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