Courtesy of Mish.
Atlanta Fed President Dennis Lockhart is once again yapping about multiple rate hikes this year.
“I wouldn’t rule out as many as two hikes” this year said Lockhart to reporters last week.
Kaleidoscope Eyes
Recall that Lockhart made a speech to the Rotary Club of Savannah on March 21 entitled Kaleidoscopic Context for Monetary Policy.
In his speech, Lockhart cited “sufficient momentum evidenced by the economic data to justify a further step at one of the coming meetings, possibly as early as the meeting scheduled for end of April.”
I commented on his speech with my take called Kaleidoscope Eyes.
Fed Officials Confident About Rate Hikes
The Wall Street Journal reports Fed Officials Gain Confidence They Can Raise Rates This Year.
