Lockhart: Labor market not as healthy as 6.7% says

|By:, SA News Editor

"The labor market is not as healthy as the improved unemployment rate might indicate," says the Atlanta Fed's Dennis Lockhart in his Economic Outlook for 2014. The first Fed speaker since Friday's punkish job gains, but big drop in headline unemployment to 6.7%, Lockhart nevertheless supports a pace of tapering similar to what the FOMC undertook at the end of last year.

Rate hikes, though, won't be on the table until UE is "well past" the 6.5% threshold.