Lockhart Says More Fed Easing May Be Needed If Jobs Stall

Lockhart Says More Fed Easing May Be Needed If Jobs Stall

Patrick Fallon/Bloomberg

Federal Reserve Bank of Atlanta President Dennis Lockhart, who votes on monetary policy this year, supported the Federal Open Market Committee’s Sept. 13 decision to expand its holdings of securities with open-ended purchases of $40 billion in mortgage debt each month.