Lockhart now popping up
- Won't predict the outcome of Dec meeting
- There's more data to evaluate before lift off decision at Dec meeting
- US economy on reasonably solid trajectory, though there are weak spots
- He was ready to support lift off in Sep
- His outlook hasn't changed much this past year
- Supported decision to postpone hike
- Is comfortable moving off zero rates soon
- Won't be a pre-determined rate path
- Much planning has gone into tools for rate rises
- He's watching inflation carefully
- Core inflation is closer to fundamentals
The bolded comment is another signal that Dec is the go date
- Says he's prepared to take a leap of faith on inflation