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