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Lockhart: Labor market not as healthy as 6.7% says

  • "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.
Comments (3)
  • That's Fed Governor No. 2 basically saying they shouldn't have tappered. Narayana Kocherlakota was No. 1. You get guys like Richard Fisher saying we need MORE QE, this rally is toast.
    13 Jan, 01:24 PM Reply Like
  • REALLY?
    13 Jan, 01:24 PM Reply Like
  • Rate hikes?

     

    Expect to see hikes in short term rates around the time the Kansas City Royals win their second consecutive World Series.
    13 Jan, 03:25 PM Reply Like
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