Fed's Lockhart: Cyclical rebound from crisis "largely done"

Fed Atlanta's President Dennis Lockhart is crossing the wires last minutes, via Reuters, stating that he expects steady growth of about 2 pct annually in coming years.

Key headlines (via Reuters):

• Says too early to tell how new administration, changing policies may impact the economy
• Sees gradual rate increases continuing, feels central bank should take more of a background role moving forward
• Secular trends, like population aging, will weigh on economic growth unless they can be counteracted with policies that improve investment and productivity