Fed's Lockhart: Fed not behind curve on inflation

President the Federal Reserve Bank of Atlanta, Dennis Lockhart, notes Fed not behind curve on inflation.

Headlines

Says Puerto Rico debt crisis unlikely to spill over into the rest of the US economy

Says there is a disconnect between anecdotal evidence from local business leaders and GDP data

Says the Fed is not getting behind the curve on inflation, has options on when to raise rates

Says incoming economic data will be major aspect of his decision-making on raising rates

No risk at moment that the economy is overheating

Says wonders if political uncertainty is affecting business investment or consumer activity