Fed’s Williams and Lockhart have both feet on the brakes as they speak on a panel discussion
The Fed’s Lockhart and Williams spoke on a panel discussion in Washington, and true to Fed form, they both had their feet on the brakes to slow down this overheating 0.5% 1Q growth economy (remember that is the annualized number. So for the quarter you are talking about nothing). Two to three hikes are on the way in 2016 and 3-4 more in 2017. Admittedly, the 2Q is showing improvement so far, but it is still a ways off to the finish line (GDP estimate is for 2.5% on an annualized basis). I remember this time in Q1 when the growth estimates were for 2.7% growth. It ended at 0.5%.