Fed’s Lockhart Seeks ‘Solid Evidence’ of Recovery Before QE CurbJeff Kearns
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.”