Comments from speech in Tennessee

  • Reasonably comfortable inflation hit 2% by end of 2017
  • Fair to say were closing in on full employment
  • He doesn't believe economic momentum has stalled
  • Main risk is if business investment fails to rebound
  • Not locked into any policy position
  • I'm confident about US prospects in second half of 2016 and into 2017

Earlier today, Fed's Dudley also expressed the thoughts that a rate hike was still likely in 2016 and that the market was not pricing in Fed policy changes.

Lockhart is not a voting member.

For the full text of Lockhart's speech, CLICK HERE