Lockhart speaking with CNBC:
- Open question on whether we move now or wait 'a little'
- Must take into account lower oil prices, higher US dollar and market move ahead of Sept meeting
- Volatility will 'clearly have to be taken into account'
- Risks have risen since the beginning of the month
- The time is close
At the beginning of the month he said there was a high bar for not deciding to hike rates.
Whatever happens in September, the Fed is sending a lot of clear signals that it doesn't want to wait long before hiking. Barclays reiterated that it was changing its call to March from September today. I doubt they feel too good about that.
