CHARLOTTE, N.C. — Federal Reserve Bank of Atlanta president Dennis Lockhart Tuesday said he would be reluctant to back a tightening of monetary policy in America’s uncertain economic climate unless it became “absolutely necessary” to curb inflation.

Lockhart, who will be voting on the Fed’s policymaking Federal Open Market Committee next year, said he would support a monetary tightening if the recent more rapid pace of inflation persists, but said that is not likely.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.