Thursday, January 17, 2013

Reuters: Politics: Fed's Lockhart sees bond buying beyond mid-2013

Reuters: Politics
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Fed's Lockhart sees bond buying beyond mid-2013
Jan 17th 2013, 17:42

NEW YORK | Thu Jan 17, 2013 12:42pm EST

NEW YORK (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.

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