Lockhart Supports Fed Asset Purchases Through End of 2013

Federal Reserve Bank of Atlanta President Dennis Lockhart said he wants to continue central bank asset purchases through the end of this year to help improve the job market.

“Considering current labor market conditions, I think continuing the asset purchase program to support the recovery and to improve employment conditions remains appropriate for now,” Lockhart said today in prepared remarks in Knoxville, Tennessee. “Given the outlook and associated risks, I am comfortable with sticking with the current approach at least into the second half of the year.”