Fed’s Lockhart: Discount rate hike not a tightening

AUGUSTA, Ga., Feb 18 (BestGrowthStock) – The Federal Reserve’s
decision to raise the discount rate it charges to banks for
emergency loans should not be seen as a tightening of monteary
policy, or a signal that such a move is forthcoming, a top Fed
official said on Thursday.

“I would not interpret this action as a tightening of
monetary policy or even a sign that a tightening is imminent,”
said Dennis Lockhart, President of the Federal Reserve Bank of
Atlanta.
Stock Report

(Reporting by Pedro Nicolaci da Costa; Editing by Leslie
Adler)

Fed’s Lockhart: Discount rate hike not a tightening