Comments from Lockhart in Savannah
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Fed monitoring global and financial developments
– Start of the year was ‘rough’ cites Chinese slowdown
– Sees US growth a 2-2.5% this year
Lockhart is a good barometer of the core of the FOMC. It’s interesting that he’s the second Fed member that touched on an April hike today. I didn’t sense any urgency from Lockhart or Williams but they’re lightly pushing back on the dovish Fed theme.