Head of the Atlanta Federal Reserve branch, Reuters with the headlines (Lockhart speaking with CNBC)

  • Says underlying information on US economic growth more encouraging than headline GDP number
  • Still need to see how Brexit plays out medium term
  • Says he doesn't rule out rate hike at next Federal Reserve meeting or later
  • Says wants to see US economy "tell" fed it is okay to raise interest rates
  • Would like to see fiscal measures taken in next administration to help economic growth
  • He doesn't think Federal Reserve has reached limits of monetary policy but options more limited with rates near zero
  • Asset valuations at the moment particularly deserve watching because they are relatively high