CNBC News

Atlanta Fed's Lockhart says rate increases to be 'very' gradual

CNBC News


Federal Reserve rate increases over the next two years will be "very" gradual amid expected steady growth and stable job gains, Atlanta Federal Reserve President Dennis Lockhart said on Friday.

In prepared remarks to a National Association of Realtors conference here Lockhart did not speak to the likelihood of a rate increase at the Fed meeting next month. His prepared remarks were issued before the release of Friday's jobs report, but Lockhart may speak to that when he delivers his address or in questions later from audience members and reporters.