Fed's Lockhart not advocating easing - MarketWatch
There is not yet a clear cut case for the need for more monetary easing,
Atlanta Federal Reserve Bank President Dennis Lockhart said Monday. "I
don't think any of the options should be taken off the table under
current circumstances. But I am not convinced at this moment that the
circumstances quite yet call for additional action," Lockhart said in
remarks to reporters after a speech in Chicago, according to Reuters.
Lockhart is a voting member this year and his views are watched closely
as he is considered one of the more pragmatic central bank policymakers.
Several Fed officials, including Fed Vice Chair Janet Yellen, said the
downside risks facing the outlook put a discussion of more policy action
on the table for the Fed's June 19 and 20 meeting. Last week, Fed
chairman Ben Bernanke declined to be drawn into specifics over the
debate on whether another round of asset purchases, or quantitative
easing, would be necessary, saying only that the central question for
policymakers would be whether growth would be strong enough to bring
down the unemployment rate.
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