Atlanta Fed President Dennis Lockhart said after a speech in Atlanta on Monday that there will be not enough data on inflation to raise interest rate in January or March.

""How much will we know about inflation trends or developments going into the mid-March meeting? We will have some new data but not a great deal more," he said.

Lockhart pointed out in his speech that he does not think turmoil abroad will have impact on the U.S. economy.

"When such volatility develops, I think it's helpful to look at the real economy of the United States (as opposed to the financial economy) and ask if something is fundamentally wrong. Are there serious imbalances that make the broad economy vulnerable to foreign shocks? I don't see that kind of connection in current circumstances," Atlanta Fed president noted.