Markets now calmed, Fed should soon raise U.S. rates

November 18, 2015 2:08 PM

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Markets now calmed, Fed should soon raise U.S. rates

NEW YORK Global financial markets have settled since the August turmoil that caused the U.S. Federal Reserve to delay raising rates, so that it will soon be appropriate to make the policy change, Atlanta Fed President Dennis Lockhart said on Wednesday.

"I am now reasonably satisfied the situation has settled down... So I am comfortable with moving off zero soon, conditioned on no marked deterioration in economic conditions," Lockhart told a conference of bankers, traders and regulators.

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