Lockhart now popping up

  • Won't predict the outcome of Dec meeting
  • There's more data to evaluate before lift off decision at Dec meeting
  • US economy on reasonably solid trajectory, though there are weak spots
  • He was ready to support lift off in Sep
  • His outlook hasn't changed much this past year
  • Supported decision to postpone hike
  • Is comfortable moving off zero rates soon
  • Won't be a pre-determined rate path
  • Much planning has gone into tools for rate rises
  • He's watching inflation carefully
  • Core inflation is closer to fundamentals

The bolded comment is another signal that Dec is the go date

  • Says he's prepared to take a leap of faith on inflation