Brexit and jobs report justify patience says Fed's Lockhart

Author: Ryan Littlestone | Category: Central Banks

Speaking on Bloomberg

  • Is not changing his view on the economy due to the May jobs data
  • US economy remains on a moderate growth track
  • I'm prepared to be patient
  • Get beyond Brexit and see how the data comes in
  • Jobs data may reflect a slowdown due to full employment
  • Doesn't see a lot of cost to being patient
  • We will see how things develop over the next few weeks
  • Still sees 2 hikes this year
  • Fed policy is still stimulating the economy
  • Fed action will be data dependent

He might be brushing off the NFP but he's laying out Brexit as his excuse to not hike. How many others will follow?

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