Courtesy of Mish.
Atlanta Fed president Dennis Lockhart keeps making a fool out of himself by yapping about rate hikes for over a year.
This time, not only does he warn about hikes, he is on the lookout for bubbles.
Why he cannot see them is a mystery.
Dennis Lockhart Has Eye Out For Bubbles
MarketWatch reports Fed’s Lockhart Doesn’t Rule Out Rate Hike as Soon as September
Atlanta Fed President Dennis Lockhart said Tuesday he would not rule out an interest rate hike in September and said he was watching closely for signs of possible asset bubbles.
“At this point I don’t rule out a rate increase at the next meeting or later in the year,” Lockhart said in an interview on CNBC.
Lockhart Did Not Rule Out Anything
In addition to not ruling out rate hikes, he did not rule out Apple Pie or Tuna Casserole. In fact, he did not rule out anything that I am aware of.
