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