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Fed Member Details

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Dennis Lockhart

President, Federal Reserve Bank of Atlanta

Policy Stance Hawkish
Voting Member Yes
Date Assumed Current Office 04/27/2015
Rate Outlook
Lockhart anticipates that his Fed colleagues will hike rates this summer. "For me to say June-July-September full confidence is probably overstating it, but I think it’s quite likely," he recently told the New York Times. "And if we were to go beyond September, it would be because we were really disappointed in the stream of data that come in." "I think the economy can absorb that almost on any of those dates. I’m just not highly concerned that there is a risk of a policy error based upon the difference of one or two meetings. He believes the U.S. economy has picked up in the second quarter. First quarter weakness “contributes to a situation of some ambiguity at the moment, but I do think this will pass," he said in Atlanta in April.
Biography
Lockhart took office March 1, 2007, as the 14th president and chief executive officer of the Sixth District Federal Reserve Bank, at Atlanta. He was born in February 1947 in Bakersfield, California. He earned a B.A. in political science and economics from Stanford University in 1968 and an M.A. in international economics and American foreign policy from the Johns Hopkins University School of Advanced International Studies in 1971. From 2003 to 2007, he served on the faculty of Georgetown University's Walsh School of Foreign Service, teaching in the master's program.