Fed’s Lockhart: U.S. Economy too Fragile to Begin Raising Rates

The U.S. economy remains too fragile for the Fed to begin raising interest rates, Fed’s Lockhart, said on Wednesday. Lockhart reiterated that the central bank will complete its $600 bln bond-buying plan as scheduled at the end of June, adding that he not seen sufficiently compelling evidence to cut the program short. – Reuters

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