Atlanta Fed President Lockhart has been doing the rounds lately:
- Lockhart with a preview of what’s to come from Yellen?
- Fed’s Lockhart sees risk in moving too quickly on interest rates
- Lockhart doing the publicity rounds
Reuters have a little more on his comments:
- “It is reasonable with the improving data to begin to anticipate a change in the basic interest rate policy and, therefore, it is quite a reasonable debate as to whether that ought to be early 2015 or mid-2015 or even later”
- “The debate is real”
- Lockhart … continues to forecast a rate increase in mid-2015 … feels it is “still early” to change the central bank’s main policy statement
- That statement says a rate increase won’t be appropriate until a “considerable time” after the central bank’s bond purchases end this fall, and that there is still “significant underutilization” of labor.
