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Wednesday, November 18, 2015

Fed's Lockhart says he is comfortable moving off 0% target rate soon

  • Won't predict the outcome of Dec meeting
  • There's more data to evaluate before lift off decision at Dec meeting
  • US economy on reasonably solid trajectory, though there are weak spots
  • He was ready to support lift off in Sep
  • His outlook hasn't changed much this past year
  • Supported decision to postpone hike
  • Is comfortable moving off zero rates soon
  • Won't be a pre-determined rate path
The bolded comment is another signal that Dec is a possible go date, either way yawn, these clowns are just saving face.

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