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Fed's Lockhart says open to possible June rate hike

Thursday, April 14, 2016 - 23:44

[CHICAGO] Atlanta Federal Reserve Bank President Dennis Lockhart on Thursday said a potential British exit from the European Union would be a "big event" although it should not "stop the music" on a potential interest rate hike in June.

Mr Lockhart, speaking with reporters after a symposium sponsored by the CFA Institute in Chicago, said he would not rule out a June rate hike but would need to see faster economic growth, continued monthly job gains of more than 200,000, and firming inflation before he could support it.

The British June 23 referendum on whether to exit the European Union, a move dubbed "Brexit," takes place after the Fed's June meeting.

REUTERS

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