Comments from Atlanta Fed President Lockhart:

  • Sees US GDP growth around 3% in 2015
  • Confidence in inflation forecast pivotal for liftoff
  • Sees inflation gradually rising after weak 2015 start
  • Fed should be cautious on liftoff
  • Most serious risk is weak global growth
  • US economy ‘hitting on all cylinders’ and setting stage for mid-2015 liftoff

There’s nothing here we haven’t heard before from Lockhart.