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- Fed Lockhart won't comment on likely outcome of next three Fed meetings
Fed Lockhart won't comment on likely outcome of next three Fed meetings
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Expects a lively discussion over whether current inflation and unemployment readings are consistent with the policy rate still close to zero
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The economic momentum is adequate to achieve the Feds goals in the medium-term
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Won't comment on likely outcome of next three meetings
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Expects strong second half growth this year of 3% annualised rate
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Remaining labour market slack is relatively small
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Lack of progress on inflation remains an awkward piece of the Fed's puzzle but is confident it will increase as the labour market improves
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Serious discussion on hike is needed at the September meeting
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