ST. LOUIS/MIAMI (Reuters) - Two top policymakers said on Wednesday the Federal Reserve was in no rush to raise interest rates and would have to see improvements in the U.S. economy to do so. The comments from St. Louis Fed President James Bullard and Dennis Lockhart of the Atlanta Fed, though not ground breaking, did reinforce the notion that accommodative monetary policies would remain in place for a while to come despite intense market speculation over the timing of tightening. Bullard, speaking to reporters at his branch of the U.S. central bank, said a formal rate rise is "still a considerable distance away." Last week, he told Reuters the hike should come in the first quarter of next year, among the most hawkish predictions of the Fed's 16 policymakers. Speaking in Miami, Lockhart said he thinks the economy will perform that well beginning in the current quarter and continue that trend in coming quarters.
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