Lockhart on Bloomberg TV
- It's natural to see different signals from economic data
- Nothing is locked in for monetary policy
- Fed models are useful inputs to guide judgement
- A couple of my colleagues are beginning to rethink things
- Bullard has taken quite a different approach from the rest of the committee
- The dot plots aren't a prediction, they're a forecast
- Business contacts cite 'uncertainty'
Earlier Lockhart said one hike was likely on Fox Business.
On the dot plots, what's the difference between at prediction and a forecast?
Heck of a view though.