Atlanta Federal Reserve President Dennis Lockhart answering questions after his earlier speech

His speech was a repeat of the speech he gave the previous day

Did he mime it?

Dennis 'Milli Vanilli' Lockhart?

I digress:

  • Federal Reserve isn't able to measure inflation perfectly
  • Federal Reserve's 2% inflation goal provides a cushion from deflation
  • Federal Reserve focused on domestic economy, including exports
  • Trade deals likely to be a positive for the US economy
  • Comfortable with the idea the Federal Reserve will raise rates this year
  • Says feels very close to timing for Fed liftoff

Headlines on Bloomberg

-

Lockhart is making it pretty clear he sees a lift off soon, likely December. But FFS, can we trust his read on things? What if someone in China puts in a sell order for a few shares, does the Fed cringe and run off screaming again? (i.e Hold rates AGAIN)