Fed's Lockhart: At least one rate hike could be warranted this year

During a speech in Tennessee, Federal Reserve Bank of Atlanta's President Dennis Lockhart stated that he doesn't rule out at least one hike this year, but keeping options open on timing.

Key quotes, via Reuters:

"Reasonably comfortable inflation hit 2% by end of 2017"

"Fair to say were closing in on full employment"

"He doesn't believe economic momentum has stalled"

"Main risk is if business investment fails to rebound"

"Not locked into any policy position"

"I'm confident about US prospects in second half of 2016 and into 2017"