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Friday, August 26, 2016

Fed's Lockhart: Can see two hikes this year

  • 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.

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