2011/01/31

Fed Lockhart: Economy still strong support for monetary policy

Fed officials on Monday (31), said the U.S. economy is recovering, but still need strong support for monetary policy.

Atlanta Federal Reserve Federal Reserve Chairman (Dennis Lockhart) that have absolute indications the U.S. economy in 2011 will continue to recover, and the fourth quarter of 2010, the strength of the U.S. economic recovery has continued into 2011.

For the Miami Dade College Lockhart (Miami Dade College) students to do speech. 28th week, the Federal Reserve Open Market Committee (FOMC) interest rate meeting, FOMC's discussion focused on this issue and will continue to promote its summer 2011 purchase of 6,000 million long-term government bonds.

Lockhart will not attend regional Federal Reserve Federal Reserve chairman in 2011 waiting for the election, will participate in the election in 2012, but his comments in 2010, said he supported the Fed's credit purchase policy that QE2. The Fed hopes the U.S. plan to buy their claims of economic growth to achieve a better level of performance, I hope the scheme can reduce the high unemployment rate, to prevent deflation in the U.S. economy.

In the comments, Joe Lockhart are obviously positive and optimistic, although he said there are still some factors that will derail the current U.S. economic recovery. Lockhart said the key point in the current U.S. economic outlook is cautiously optimistic it can be said, to avoid exaggerating the speed of economic recovery.