Lockhart Says Fed Policy Should Make Economy More Dynamic

Federal Reserve Bank of Atlanta President Dennis Lockhart, who has backed the Fed’s $85 billion in monthly bond purchases, said U.S. monetary policy should focus on creating a more dynamic economy after a recent cooling in growth.

“Recently there appears to have been some slowing” in job creation, Lockhart, who next votes on policy in 2015, said today in New York. Payroll gains have averaged just 148,000 over the past three months, he said.