Fed's Lockhart preparing to support QE3 reduction
Aug 23 (Reuters) - A centrist U.S. Federal Reserve official said on Friday he would back a reduction in asset purchases by next month if data between now and then shows a "sustainable picture" for economic growth, and doesn't suggest the economy will be knocked off course.
"I would be supportive in September as long as the data that comes in between now and then basically confirm the path we're on," Atlanta Fed President Dennis Lockhart said on CNBC television.
"The key question is, do we have even at this moderate pace of growth, a sustainable picture, something that's going to continue. Or is there risks that the economy gets knocked off its feet in some way," he added.
Lockhart also said he expects 2-2.5 percent full-year GDP growth in 2013, with it picking up in the second half of the year, and an unemployment rate between 7.2-7.4 percent by the end of the year.
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Four dead in apparent Connecticut murder-suicide
- South Korea expands air defense zone to partially overlap China's |
- Singer Susan Boyle reveals she has Asperger's syndrome: paper
- Winter storm pushes up U.S. East Coast after deep-freeze in the South