Fed's Lockhart: Jobs Report, Brexit Justify Patience

The speaker discusses the impact of the recent jobs report and Brexit on economic patience, emphasizing a personal view of maintaining a moderate growth outlook. The potential for a Fed rate increase is considered, but patience is advised until after the Brexit vote and further data analysis. The jobs report is interpreted in three ways: potential economic slowdown, natural job generation slowing, or data variability. The speaker remains confident in a 2% growth trajectory.

What factors does the speaker mention as reasons for exercising patience in economic decisions?

• The jobs report and inflation rates

• The jobs report and Brexit considerations

• Inflation rates and stock market trends

• Brexit considerations and stock market trends

How does the speaker define 'patience' in the context of economic meetings?

• Waiting for the Brexit vote and analyzing upcoming data

• Observing the stock market trends

• Waiting for inflation rates to stabilize

• Monitoring global economic conditions

What is the speaker's fundamental view of the economy's growth?

• Declining growth at -1%

• Stagnant growth at 0%

• Moderate growth at around 2%

• Rapid growth at 5%

Which interpretation of the jobs report does the speaker believe is not the case?

• A slowdown in the economy

• Natural slowing of job generation

• Data fluctuations

• A new trend in economic decline

What does the speaker suggest about the nature of economic data?

• It is always linear

• It is subject to fluctuations

• It is consistently accurate

• It is predictable