Fed's Lockhart sees bond buying beyond mid-2013
NEW YORK Jan 17 (Reuters) - The U.S. Federal Reserve will very likely need to continue its large-scale asset purchases into the second half of this year, Atlanta Fed President Dennis Lockhart said on Thursday.
It would be "a struggle to see" an indication by mid-year that the labor market had improved enough to prompt the Fed to halt its bond buying, he said at a conference hosted by Bloomberg.
- Malaysia Airlines plane missing, presumed crashed in South China Sea |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Malaysian plane crashed off Vietnam coast: state media
- No signal picked up from missing Malaysia Airlines plane-Vietnam official