Atlanta Fed chief Dennis Lockhart
– Sees US GDP near 2% over next three years
– Economy well positioned for moderate growth
– Didn’t factor fiscal policy into his forecast
Lockhart generally steers close to the core of the FOMC although he had a few hawkish missteps in the past year. At the moment, there is a seemingly-universal consensus at the Fed to hike 2-4 times in 2017. We’ll have to see how that develops as the data rolls in but right now there isn’t much difference in comments from hawks or doves.
