Atlanta Fed President Lockhart Expects Economy, Wages to Grow in 2016
Tuesday, January 12th, 2016
Federal Reserve Bank of Atlanta President and CEO Dennis Lockhart on Monday told the Rotary Club of Atlanta he expects “the broad economy to continue to expand at a moderate pace” — “between 2 and 2.5 percent, possibly a little higher.”
“This rate of growth should be sufficient to maintain positive momentum in employment conditions,” he said. “Growing employment—in both jobs and hours—adds to aggregate household incomes that, in turn, keep consumer activity growing.”
