Lucky Lockhart speaks at NABE in Atlanta
Expects a lively discussion over whether current inflation and unemployment readings are consistent with the policy rate still close to zero
The economic momentum is adequate to achieve the Feds goals in the medium-term
Won't comment on likely outcome of next three meetings
Expects strong second half growth this year of 3% annualised rate
Remaining labour market slack is relatively small
Lack of progress on inflation remains an awkward piece of the Fed's puzzle but is confident it will increase as the labour market improves
His contacts with small businesses indicate cautious optimism that will influence his policy view
He sees a slowdown in jobs growth as the US approaches full employment
All said and done there's no real change of view from August.
Lockhart leaves us guessing whether the Fed will pull their thumbs out in Sep
