Atlanta Fed President Dennis Lockhart’s comments have closely matched the Yellen-led core of the FOMC this year. A month ago his comments preaching patience closely mirrored what was to come from Yellen and it could be the same today.
Even though data has improved in the past month he’s sticking with the same message.
- Lockhart urges patience from the FOMC and markets, sees risk to market stability if moves come too quickly
Bullard, George, Plosser and Fisher have been making lots of noise but the bulk of the FOMC continues to align with Lockhart’s sentiment … at least until Yellen leads them in another direction.
