Dennis Lockhart hits the screens

  • Fed will know relatively little about Q2 by the June FOMC

  • Thinks remaining 3 quarters will show a rebound in GDP

  • June is live

  • Would put more probability on June than the market is pricing in

  • April statement positioned Fed well and retains the options of moving in June but acknowledging uncertain events like Brexit

  • Is encouraged by signs of inflation firming

  • Too soon to say whether Fed is seeing needed inflation progress

Lockhart isn't a voter this year and he's been in the June camp for possible Fed action for a while.