Fed's Lockhart 'comfortable' with rate liftoff next year

Atlanta Fed president also says weak governance was behind bank failures

Dennis Lockhart, Federal Reserve Bank of Atlanta

Dennis Lockhart, the president of the Federal Reserve Bank of Atlanta, believes the Federal Reserve's wind-down of asset purchases continues to be appropriate and that the federal funds rate is likely to be raised in the second half of 2015.

Speaking at the Graduate School of Banking at Louisiana State University on Tuesday, Lockhart also said measures of labour market performance beyond the unemployment rate indicate that the economy is still operating "well short" of full employment.


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