Fed’s Lockhart Says He May Support QE Tapering in September
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Federal Reserve Bank of Atlanta President Dennis Lockhart, who has backed the Fed’s $85 billion in monthly bond purchases, said he will support a slowing in bond purchases as long as economic reports remain strong.
“I would be supportive in September as long as the data between now and then basically confirm the path we’re on,” Lockhart, who doesn’t vote on monetary policy this year, said today in a CNBC interview from Jackson Hole, Wyoming. “I am confident in a continuation of this sort of moderate growth path.”