Federal Reserve Atlanta head Lockhart, more comments now:

  • Says Puerto Rico debt crisis unlikely to spill over into the rest of the US economy
  • Says there is a disconnect between anecdotal evidence from local business leaders and GDP data
  • Says the Fed is not getting behind the curve on inflation, has options on when to raise rates
  • Says incoming economic data will be major aspect of his decision-making on raising rates
  • No risk at moment that the economy is overheating
  • Says wonders if political uncertainty is affecting business investment or consumer activity

Earlier:

  • Fed's Lockhart Brexit comments highlighted as June Fed hike impediment
  • More from Fed's Lockhart: Some encouraging data coming out of Europe
  • Fed's Lockhart: Ambivalent on a June FOMC rate hike