Lockhart often finds himself near the centre of the FOMC and many times his comments are later echoed by core members of the Fed.

He speaks at 20 minutes after the top of the hour (1720 GMT) on the outlook for the economy and monetary policy in Jackson, Mississippi. He will take questions from the audience and reporters afterwards so headlines will be hitting over the next few hours.

Look for movement on “significant slack” in the labor market or “considerable time” on the guidance. If he sounds like Evans yesterday, it might be time to start thinking about rates staying lower for longer.