Last quote by Dennis Lockhart
Dennis Lockhart quotes
The Atlanta Fed is an outstanding organization, and its employees are steadfastly dedicated to helping ensure the health and stability of our nation's economy and financial system. I am proud of the work we have accomplished together, and I believe the Bank is well positioned for the future.
If 1.6 percent inflation and 4.9 percent unemployment were all you knew about the economy, would you consider a policy setting one tick above the zero lower bound still appropriate?
I am satisfied at this point that conditions warrant that serious discussion.
It is much more the committee deciding what is the right calibration of the policy rate to the state of the economy and the outlook.
I think circumstances call for a lively discussion next week.
You are seeing an exploration of how are we going to operate in a quite different world than before the crisis.
Central banking is in a brave new world.
I can see two rate hikes as possible when I look at the calendar. We have three more [policymaking] meetings this year, so that's possible.
The Federal Reserve is starting to sound like Casey Stengel's Mets, referring to the manager of the Mets in their lackluster inaugural year. Can't anybody here play this game?
I, as one Fed policymaker, am not prepared to rule out at least one rate hike before year's end.
The situation is maybe a little bit ambiguous, but I can imagine conditions in which we could have a rate hike. I'd like to see the economy tell us that it's OK to raise rates.
At this point, I don't rule out a rate increase at the next meeting or later in the year. We just have to wait and see how the data come in.
I'd like to see the economy tell us that it's okay raise rates. When we're close to zero at the policy rate level, our options are more limited than if the policy rate is set higher.
There was sufficient economic momentum to justify a further rate hike "possibly as early as the meeting scheduled for end of April.
It is a matter of how long it lasts. I don't want to put a specific number on it, but a matter of several weeks can begin to have an influence on the real economy.
In my view, the downside risks relate mostly to the influence of the rest of the world on our economy.
I will be looking for more hard evidence in the inflation data as the year proceeds.