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- Fed’s Lockhart says he's skeptical that add'l QE will be effective
Fed’s Lockhart says he's skeptical that add'l QE will be effective
Sees possible fiscal, hsg, EZ drags ahead but baseline est is "the U.S. economy will continue to grow at a moderate pace in 2012. Unemployment will come down slowly. Inflation will stay in acceptable bounds." Says currently, "my notion of "appropriate monetary policy" is one of holding steady the current policy rate (federal funds rate) of zero to 25 basis points and the balance sheet steady at current scale."
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