Fed's Lockhart pulls support for April rate hike

Atlanta Federal Reserve Bank President Dennis Lockhart on Thursday said he no longer would advocate an interest rate hike in April, citing slower-than-expected U.S. economic growth and inflation that is not yet clearly firming. Lockhart told a symposium in Chicago that he would not "strongly" support a rate hike in April, although he expects some of his colleagues will do so. Fed officials say they want more confidence that U.S. inflation is rising toward the Fed's 2 percent goal before raising