Fed's Lockhart-Too soon to breathe easy

JEKYLL ISLAND, Ga. Tue May 12, 2009 8:39am EDT

JEKYLL ISLAND, Ga. May 12 (Reuters) - Financial market conditions are more stable than during the height of the crisis in 2008, but it would be premature to say it has ended, Atlanta Federal Reserve President Dennis Lockhart said on Tuesday.

"I believe that conditions are now calmer but it is too soon to breathe easy," he said in remarks to a conference organized by his institution. (Reporting by Alister Bull and Mark Felsenthal, Editing by Chizu Nomiyama)