Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Lockhart: If economy keeps swooning, Fed must act

Send a link to a friend

[July 14, 2012]  JACKSON, Miss. (AP) -- The president of the Federal Reserve Bank in Atlanta says the Fed should act to further stimulate growth if the economy doesn't improve by year's end.

But speaking Friday to the Mississippi Economic Council, Dennis Lockhart said he supports no further Fed action if employment growth shows improvement in the next six months.

If it doesn't, Lockhart said the Fed's current policy will become "untenable." Lockhart is on the Federal Reserve's policy committee.

Lockhart says he thinks there's at least some room for the Federal Reserve to use its balance sheet to further promote economic growth.

He says he could support more efforts to stimulate the economy by loosening credit. However, he says he's unsure how much fruit that strategy would bear, and that it wouldn't be a "miracle cure."

[Associated Press; By JEFF AMY]

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


< Recent articles

Back to top


News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor