ATLANTA (Reuters) - The Federal Reserve cannot rule out additional monetary easing even if steady growth and "acceptable" inflation make it harder to justify fresh action, a top Fed official said on Monday.
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Originally from Reuters: Business News
ATLANTA (Reuters) - The Federal Reserve cannot rule out additional monetary easing even if steady growth and "acceptable" inflation make it harder to justify fresh action, a top Fed official said on Monday.
Presented By:
Originally from Reuters: Business News
ATLANTA (Reuters) - The Federal Reserve cannot rule out additional monetary easing even if steady growth and "acceptable" inflation make it harder to justify fresh action, a top Fed official said on Monday.
Presented By:
Originally from Reuters: Business News
WASHINGTON (MarketWatch) - Dennis Lockhart, the president of the Atlanta Federal Reserve Bank, said Monday that he will take a pragmatic approach to monetary policy this year. "Now is not the time to lock into a rigid position," Lockhart said in a speech to the Rotary Club of Atlanta. Lockhart will be a voting member of the Fed's interest-rate-setting committee in 2012. Lockhart forecast "steady even if unspectacular" economic growth this year, in the range of 2.5% to 3.0%, along with inflation in the neighborhood of 2%. This forecast "justifies some reluctance to change, in either direction," the Fed's accommodative policy," Lockhart said. But the central bank should also keep examining "whether more can and should be done" given the high unemployment rate, he added. Europe is "the biggest wild card" for the coming year, Lockhart said. But rising tensions in the Persian golf and the "jumpiness" of oil market prices also cannot be ignored, he said.
Originally from MarketWatch
WASHINGTON (MarketWatch) - More bond-buying from the Federal Reserve would not work under current circumstances, said Dennis Lockhart, the president of the Atlanta Federal Reserve Bank, on Tuesday. Lockhart, who will be a voting member of the Federal Open Market Committee in 2012, said he was skeptical that more quantitative easing would help the economy. Lockhart said he thought the best policy going forward was keeping rates close to zero and holding the balance sheet steady. Lockhart's remarks are the first time a Fed official has explicitly disclosed his view of what would be "appropriate monetary policy" going forward. When Fed officials prepare their economic forecasts four times a year, they must embed an assumption of the future path of policy that would best meet their objectives of stable prices and maximum employment. In recent weeks, Fed officials have been discussing making these assumptions public, which is currently the practice of only a handful of other central banks, but no final decision has been reached. Lockhart forecast moderate growth in 2012 but expressed grave concern that events in Europe might throw the U.S. economy off course.
Originally from MarketWatch
SAO PAULO (Reuters) - A top Federal Reserve official said on Monday that given recent improvements in the U.S. economy, any further central bank actions to boost growth should be through clearer communications about policy, rather than expanded bond buying.
Originally from Reuters: Business News
SAO PAULO (Reuters) - The Federal Reserve could provide more clarity to the public about where policy is likely to go and how it might respond to various conditions, a top Fed official said on Monday.
Originally from Reuters: Business News
SAO PAULO (Reuters) - The performance of the U.S. economy, while not terribly strong, has exceeded expectations according to recent data and could log a growth rate above 3 percent in the last three months of the year, a top Federal Reserve official said on Monday.
Originally from Reuters: Business News
The U.S. economy is unlikely to slip back into recession, and an improvement in recent indicators has been encouraging, Atlanta Federal Reserve Bank President Dennis Lockhart said on Tuesday.
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CHATTANOOGA, Tennessee (Reuters) The U.S. economy is unlikely to slip back into recession, and an improvement in recent indicators has been encouraging, Atlanta Federal Reserve Bank President Dennis Lockhart said on Tuesday.
Originally from Reuters: Business News
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