Fed's Lockhart says 'murky' date complicates rate decision

April 16, 2015 4:59 PM

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Fed's Lockhart says 'murky' date complicates rate decision

West Palm Beach, Fla. (Reuters) - A "murky" run of first-quarter data highlighted by a weak March employment report and an oil-driven downturn in investment is masking the U.S. economy's underlying strength and complicating the Fed's interest rate plans, Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday.

The Fed's decision on when to raise rates, Lockhart said, may come down to waiting longer in hopes of more convincing proof of the economy's strength, or pushing through an earlier increase but moving slowly from then on.

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