Atlanta Fed's Lockhart: Economy's Negatives May Be Gaining Momentum

January 7, 2008 12:49 PM EST

Comments from Atlanta Fed President Dennis Lockhart

Troubled by the elevated level of inflation. Much of 2008 needed to resolve market turmoil. Financial trading condition far from settled. Overriding concerns must be broad health of economy. Banks must recognize and disclose losses. Coming weeks could be telling on markets. Economy's Negatives may be gaining momentum. Fed must be ready to respond pragmatically. Headlines from Bloomberg.

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