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