Fed's Lockhart Says Time Hasn’t Come to Bring Out ‘Bigger Guns’

Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, said that while additional bond purchases to boost the economy remain an option, it’s too soon for the central bank to “bring out bigger guns.”

“I don’t think the conditions have developed that require us to bring out bigger guns quite yet,” Lockhart said in an interview today with Nightly Business Report. Large-scale bond purchases, known as quantitative easing, are “certainly an option,” he said. “I would say that if the circumstances call for it more stimulus could be provided.”

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

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