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.