Fed's Lockhart Says Interest-Rate Liftoff Case Is `Compelling'

Federal Reserve Bank of Atlanta President Dennis Lockhart said he favors raising interest rates this month, adding to signs that the central bank will proceed with its first increase since 2006.

“Absent information that drastically changes the economic picture and outlook, I feel the case for liftoff is compelling,” Lockhart said in the text of remarks Wednesday in Fort Lauderdale, Florida.

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