Lockhart on Bloomberg • The US is still short of the Fed's twin goals but not by much • Fed is nearing objectives despite weak growth • Would like to see modest above trend growth • He supported decision to keep rates on hold • FOMC statement suggested a hike could occur before long Good old Mr Two Hikes needs to hit a homerun in Nov and Dec now, and he said a "serious discussion" was needed at the Sep meeting. Time to get the Tippex out on his dot plot ;-) (full story)