Fed's Lockhart (moderate, non-voter): will not advocate for a rate hike in April - radio interview
- has changed view that April move made sense
- inflation is lagging behind Fed's target; Fed has more work to do
- reiterates that a patient approach to policy makes sense
- softer consumption and investment gives pause; consumer spending does cast some doubt on forecasts
- sees 2016 GDP growth between +2-2.5%