Fed's Lockhart Fearful of European Fallout, Says More Fed Action May Be Needed

June 6, 2012 9:06 AM EDT
Federal Reserve Bank of Atlanta President Dennis Lockhart earlier said there could be more Operation Twist in the works for the Fed.

In addition, Lockhart commented:
  • the uncertain macro environment should put the Fed on a state of readiness;
  • risks to U.S. economic outlook are rising, though he still expects the recovery to continue;
  • he's more worried about the negative influence of Europe on the U.S.;
  • rates will be low when tightening begins; and
  • fresh action may be needed on continued weakness.

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