During a post-presentation Q&A in Chicago this morning, Atlanta Fed head Dennis Lockhart warned investors that Brexit is a notable risk and was a consideration within Fed policy meetings (along with every global nation's problems, we presume). However, it was his follow-up comment that has created notable chatter among the "mandate-driven","data-dependent" Fed watching community when he said that any Brexit issues "shouldn't stop the music" for The Fed.
- *LOCKHART SAYS BREXIT IS CONSIDERATION IN FED POLICY SETTING
- *LOCKHART: BREXIT IS RISK, HOW IT SHOULD BE WEIGHED IS UNCLEAR
- *LOCKHART SAYS BREXIT RISK SHOULDN'T "STOP THE MUSIC" FOR FED
So did The Fed just admit that it is indeed the Pied-Piper of the markets?