Fed's Lockart says it's too early to make a call on interest rates via ForexLive

Atlanta Fed President Lockhart is speaking live on Bloomberg TV:

• Welcomes the trend on the economy
• If we look at the past few years, inflation has been too low
• I want to see the economy to stand the test of time
• I will tolerate some overshoot in inflation, beyond 2.5% one should be concerned and take action
• Recent numbers may have some transient factors in them boosting inflation
• Conditions will be right in H2 2015 for raising rates
• The benefits of waiting to hike outweigh the potential costs
• 5.25% is near full employment but must look at other numbers
• I emphasize part-time for economic reasons, which was poor in recent report

posted via ForexLive