Fed’s Lockhart Says Slowing in Recovery Could Prompt Support
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Federal Reserve Bank of Atlanta President Dennis Lockhart said a fragile recovery shown by the weak jobs report last week could require additional stimulus if it becomes clear growth is slowing.
Current policy is “appropriate” for now, Lockhart said in a speech in Fort Lauderdale, Florida. “Should it become clear that something resembling my baseline scenario of continued, though modest, growth is no longer realistic, further monetary actions to support the recovery will certainly need to be considered.”