Dennis Lockhart | WABE 90.1 FM

Dennis Lockhart

Eboni Lemon / WABE

Tuesday on "Closer Look with Rose Scott and Jim Burress":

Al Such / WABE

Thursday, on "Closer Look with Rose Scott and Jim Burress":

Closer Look: Jim Barksdale; Newt Gingrich; And More

Sep 13, 2016
Al Such / WABE

Tuesday on "Closer Look with Rose Scott and Jim Burress":

Reed Saxon / Associated Press

Atlanta has been making slow but steady progress in recovering from the Great Recession. But when it comes to jobs and economic growth, it’s often hard – even for the experts – to predict whether those sectors will pick up momentum and when.

But, according to the president of the Federal Reserve Bank of Atlanta, Dennis Lockhart, the city is faring well.

“We have a rather balanced economy in Atlanta, no particular industry on which the city is dependent,” Lockhart said during an interview on “A Closer Look.”

Nationally, unemployment is down and the economy is growing steadily. It all points to the Federal Reserve eventually pushing up its interest rates, which have been at or near zero since the recession.

If that happens, consumers in Georgia and across the country could see higher interest rates for a range of financial products including home and auto loans.

One of the select few to help make the decision is the president of the Federal Reserve Bank of Atlanta, Dennis Lockhart.