Lockhart answering audience questions in Savannah:

  • The Fed keeps its distance from politics
  • Risks shifted somewhat to the downside since Dec
  • His attentive to inflation expectations
  • Important to keep in mind that economy still on track
  • Wage growth data are not yet convincing
  • Brexit poses risk that can spill back to US economy
  • Risks shifted somewhat to downside since Dec

Less hawkish than his prepared comments.