Two regional Federal Reserve bank presidents said at least two interest-rate increases may be warranted this year because the economy continues to expand and inflation is picking up, pushing back against expectations the central bank will delay action next month.
“Currently my assumption is two, possibly three,” Federal Reserve Bank of Atlanta President Dennis Lockhart said Tuesday in Washington. He was joined at the Politico-hosted event by his San Francisco Fed colleague John Williams, who said “gradual means two to three rate increases this year.”
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