Lockhart appeared on BloombergTV
– Consumer spending casts some doubt on forecasts
– Sees 2016 GDP in 2.0% to 2.5% range
– Says softer consumption and investment gives him pause
Lockhart used to be one of the most reliable barometers of the core of the Fed but he’s been all over the place since he roiled markets with hawkish talk in August only to back down later.
