Seemingly echoing Fed's Williams earlier hawkish comments, Atlanta Fed's Lockhart notes that full employment is "getting closert and closer," and warns that "rate hikes are justified in 2016, possibly soon,"
- *LOCKHART SAYS RATE HIKE JUSTIFIED AS EARLY AS APRIL FOMC
It is clear the messagge that is being sent - don't keep buying stocks in anticipation of our 'put' (but don't sell 'em below 2000 either).
Or is it a desperate attempt to reclaim some lost credibility?
Lockhart believes economic momentum can justify next Fed rate hike at one of upcoming meetings https://t.co/UUwjNaBYut— Atlanta Fed (@AtlantaFed) March 21, 2016
The big question is - given these comments - why did they choose not to dissent last week? Too lazy, too ignorant, or too herd-like?
And why did they come out today after an abysmal housing print with such 'positive' commentary?