According to Atlanta Fed President Dennis Lockhart, the Federal Reserve Board of Governors will raise the interest rates in summer.
Lockhart believes that more evidence provided by macroeconomic indicators is still needed to support such a decision.
“I continue to believe that all meetings from June onward should be on the table,” the official said in an interview to The Wall Street Journal.
Meanwhile, New York Fed President William Dudley advises to be cautious in regard to the start date and hike pace of the interest rates.
Dudley says that inflation will be lower than the target level of 2% for some time.
The Fed Board of Governors can make a decision on the base rate hike at any June meeting, San Francisco Fed President John Williams points out. Moreover, Williams is sure about good prospects for the US economy, especially its labor market.
The official also said that the central bank's interest rate decision is based on the stability of the US economy.
