WASHINGTON, D.C.: The stronger dollar and China’s currency devaluation are clouding the US economic growth outlook, a top Federal Reserve official said Monday, while reaffirming that he still expects an interest rate hike this year.

Dennis Lockhart, head of the Atlanta Fed and a member of the policy-setting Federal Open Market Committee, said that the US economy’s recovery from the Great Recession in mid-2009 notched an average annual rate of 2.1 percent, “slow growth” compared with other post-World War II recoveries.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details