Fed’s Lockhart: Rate hikes justified as soon as April

Comments from Lockhart in Savannah

Fed monitoring global and financial developments
Start of the year was ‘rough’ cites Chinese slowdown
Sees US growth a 2-2.5% this year
Fed getting ‘closer and closer’ to full employment
‘Patient approach made sense’ at March FOMC
Fed remains on ‘gradual path’ of rate hikes
Decision to hold last week reflected global conditions not a change in the US outlook
Possible rate hikes rest heavily on continued strong consumer demand

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