Fed's Lockhart sees need for QE through second-half 2013
MADRID Feb 12 (Reuters) - The U.S. Federal Reserve will need to maintain its bond buying program through the second half of this year, a top Fed policymaker said on Tuesday.
"I don't want to speculate on what the Federal Open Market Committee decides," Atlanta Federal Reserve Bank President Dennis Lockhart told an audience in Madrid. "I have said publicly before, and so I can repeat it, I expect we will certainly need to continue it into the second half of this year."
Lockhart said the Fed could remove accommodation, when warranted, by either tapering off or halting its bond buying program, known as quantitative easing, depending upon conditions at the time.
- Deadly gun attack in eastern Ukraine shakes fragile Geneva accord |
- Japan expands army footprint for first time in 40 years, risks angering China
- Pfizer considers $100 billion bid for AstraZeneca: report
- Prosecutors extend Korea ferry captain's detention as death toll mounts |
- Rubin 'Hurricane' Carter, U.S. boxer famous in folk song, dies at 76