Fed's Lockhart: Transition to rate increases will need careful execution

FXStreet (Bali) - President of the Atlanta Fed Dennis Lockhart, speakING at Louisiana State University (to the Graduate School of Banking) from a prepared text, said that the economy should rebound to near 3 percent growth in Q2 after poor start.

Reuters carries additional headlines:

"Despite optimism, fed still needs patience, confirming evidence of sustainable growth before lifting interest rates, no rush to raise rates, sees no increase until second half of 2015, transition to rate increases will need careful execution and clear communication, labor market still slack and well short of full employment, improvement in labor outlook will be steady but not "dramatic", inflation will increase to the fed's target only over the medium term."