Fed's Lockhart (moderate, FOMC voter): Optimistic that the economy is gaining strength despite slow start in 2015 - NY Times interview
- The slowness in the first quarter obviously raises concerns that were going to see a continuing or persistent slowdown, but thats not my base case view. My base case view is that well see a rebound in the second and third quarter and beyond and that well stay on the basic track that has been our story, our narrative here, for the last year or more. And that is a 2.5 percent to 3 percent growth rate with continuing improvement on the employment front, and gradual rise in inflation toward the 2 percent target.