Fed's Dennis Lockhart speaks on CNBC ahead of speech in Detroit.
- Dollar has potential to be a slight drag on the economy
- Previously initially dismissed impact of dollar but has upgraded that view
- Says Q1 data looks soft
- US economy throwing off mixed signals
- Repeats that June, July & Sep FOMC meetings are "Live" for rate liftoff
- Fed in 2 minute drill towards rate hike
- Would like to see other measures of unemployment to tighten
There were several Fed heads that brushed off dollar strength last year but it's coming to the fore now
