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IPFS News Link • Federal Reserve

Comparing Essays: Simon Black vs. Dennis Lockhart

• thedailybell.com

"I believe the national economy is on a reasonably solid trajectory," said Dennis Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta. Speaking Nov. 19 at a DeKalb Chamber of Commerce general business meeting at the Georgia Aquarium, Lockhart added. – The Champion Dominant Social Theme: Listen to oracles such as Dennis Lockhart so you may understand, too. Free-Market Analysis: Once we were even more callow than we are now. Listening to a speech by Dennis Lockhart 15 or 20 years ago (see above excerpt), we probably would have been enormously impressed, thinking he sounded judicious, modest and yet at the same time almost infinitely wise. Why "infinitely"? Because the speech deals with the US economy and its growth or lack thereof. This is at least a US$16 trillion economy and Lockhart is comfortable evaluating it, and with the help of government numbers, he is apparently comfortable with making determinations about what to do next.


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