Lockhart on Bloomberg TV

  • It's natural to see different signals from economic data
  • Nothing is locked in for monetary policy
  • Fed models are useful inputs to guide judgement
  • A couple of my colleagues are beginning to rethink things
  • Bullard has taken quite a different approach from the rest of the committee
  • The dot plots aren't a prediction, they're a forecast
  • Business contacts cite 'uncertainty'

Earlier Lockhart said one hike was likely on Fox Business.

On the dot plots, what's the difference between at prediction and a forecast?

Heck of a view though.