Having reiterated all the key talking points of "data-dependence", "downside risks", "labor slack", and the economy is "improving", The Fed's Dennis Lockhart then admitted... LOCKHART: UNDERSTAND WHY PEOPLE MAY GET LITTLE SKEPTICAL OF FED We wonder just what makes him "understand" the world's growing skepticism? And if there was any doubt at just which "data" The Fed is dependent on... *LOCKHART: VIX INDEX SPIKED IN AUG, NOW 'SETTLED BACK' *LOCKHART: WATCHING GLBL EVENTS FOR SIGNS OF SPILLOVR INTO US