Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Lockhart Says ‘Slow Employment’ Is Central Policy Issue

Don't Miss Out —
Follow us on:

Sept. 14 (Bloomberg) -- Federal Reserve Bank of Atlanta President Dennis Lockhart said sluggish growth in the job market has become a central issue for policy makers.

“As you know the Federal Open Market Committee statement yesterday noted slow employment growth and expressed concerns that without further stimulus we might not have enough growth generated to sustain improvement in labor markets,” Lockhart said at a conference on the labor market at the Atlanta Fed.

“I am not going to expound further on the FOMC statement or the chairman’s remarks in his press conference,” he said. “But it is clear the labor market and the outlook for jobs is really front and center in current policy debates” and “remains a very difficult and complex problem.”

Lockhart supported the Federal Open Market Committee decision yesterday to expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month in a third round of quantitative easing. The Fed is seeking to boost growth and reduce 8.1 percent unemployment.

To contact the reporters on this story: Steve Matthews in Atlanta at smatthews@bloomberg.net;

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.