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 does the speaker mean by 'patience' in the context of economic decisions?

How does the speaker assess the current state of the economy?

What is the speaker's fundamental view on the economy's growth rate?

What are the three interpretations of the jobs report mentioned by the speaker?

What does the speaker suggest about the relationship between job generation and full employment?