Fed's Lockhart: Forecasts two hikes in 2017, could see three

Lockhart speaks to reporters

  • He's treating fiscal stimulus as an upside risk
  • Fiscal stimulus will need to be 'insightful, wise'
  • Dec employment report was 'quite satisfactory'
  • Jobs data a sign US may be closer to full employment
  • He's picking up bullish signals from company officials regarding investment
  • Balance of risks now to the upside

No market reaction but those are some fairly hawkish lines.

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