The economic conditions are satisfactory and the financial markets are well-prepared for the Federal Reserve to increase interest rates next week, Atlanta Fed President Dennis Lockhart, a centrist, said Monday.
The economy is on a "solid, moderate path," growing closer to 2 percent than 3 percent, Lockhart said on CNBC's "Squawk Box."
Friday's better-than-expected November jobs report added to the notion the Fed would indeed raise interest rates for the first time in nine years following its two-day gathering next week.
Lockhart is a voting member this year on the central bank's Federal Open Market Committee policymaking group.
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