COLUMBUS, GA (WTVM) - A financial expert shared his views about the U-S economy with people attending Wednesday's Rotary Club meeting at the Columbus Convention and Trade Center.
Dennis Lockhart, president of the Federal Reserve Bank in Atlanta, was the guest speaker at the meeting.
Lockhart says the economy continues to improve at a moderate rate and there is substantial progress in employment.
However, he went on to say the economy is still in a volatile state. The Fed's recent decision not to raise interest rates, Lockhart said, is evidence that the economy still has some bouncing back to do.
"I would draw the conclusion over time that the Fed being able to begin raising interest rates is a sign that the economy has arrived at a healthier position.
And that I think should be considered a good thing," said Lockhart.
Lockhart also told the crowd recent predictions of a global recession due to a slowdown in the Chinese economy are an exaggeration.