Fed’s Lockhart Seeks ‘Solid Evidence’ of Recovery Before QE Curb

Federal Reserve Bank of Atlanta President Dennis Lockhart said while he “wouldn’t totally” rule out ending or curbing bond buying as soon as this summer, he wants evidence economic growth is intact before doing so.

“We need a few more months of really solid data and solid evidence that the recovery is moving ahead,” Lockhart said today in a CNBC interview. “If you remember the last two years, we’ve had strong first quarter, which I think we will certainly get when the numbers come out, followed by kind of a swoon in the middle of the year. I really want to get beyond that.”

To contact the reporter on this story: Jeff Kearns in Washington at jkearns3@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.