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February 28, 2013
12:06 EDTMS, GS, USB, BAC, WFC, C, JPMFed's Lockhart sees low-rate environment continuing, Dow Jones says
Federal Reserve Bank of Atlanta President Dennis Lockhart said, "It's fair to continue to predict that we're going to have a low interest rate environment for some time." Lockhart referred to previous guidance from the Federal Open Market Committee, targeting a jobless rate approaching 6.5%, before any rate change implementation. Lockhart sees rates at current levels until mid-2015, says Dow Jones, citing Dennis Lockhart comments before a banking conference.
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