- Sustained jobs gains reduce needs for easing; recent gains likely to be sustained
- Inflation close to 2%, not a concern at moment
- Spike in yields could create need for more easing; sterilized QE, Operation Twist extension remain options
Like any good central banker, Lockhart likes to have contingency plans but at the moment he wants to keep policy unchanged.
EUR/USD steady in the low 1.3230s.
