Statement

Name: Dennis P. Lockhart

Summary: Fed's Lockhart Says Rising Rates to Create Risks for U.S. Banks: "“For the first time in more than a decade, bankers face the potential of operating in a rising rate environment,” Lockhart said in remarks at a banking conference in Atlanta on Thursday. “Rising rates will create challenges in managing net interest margins and risks...” The FOMC will be “data dependent” in weighing when to raise rates again, “assessing economic and financial conditions as they evolve,” Lockhart said. Low energy prices and concerns about China “have added new complexity” to assessing the U.S. outlook, he said."

Lean: Neutral

Substantially Similar to Prior Statements: No

Statement Date: February 25, 2016

Publication Date: February 25, 2016

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