by Mike ‘Mish’ Shedlock
Dennis Lockhart, Atlanta Fed president, made a speech today trumping up the possibility rate hikes as soon as April.
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.”
Let’s dive into his speech and also put a spotlight on his claim of “sufficient momentum“.
Kaleidoscopic Context for Monetary Policy
The title of this post comes from the title of Lockhart’s speech to the Rotary Club of Savannah Kaleidoscopic Context for Monetary Policy.