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Fed’s Lockhart: More Economic Weakness May Call for Fresh Action – WSJ

With the U.S. economic recovery threatened by an array of negative developments, the Federal Reserve may need to add additional stimulus to the economy, a key U.S. central bank official said Wednesday.

“Should it become clear that something resembling my baseline scenario of continued, though modest, growth is no longer realistic, further monetary actions to support the recovery will certainly need to be considered,” Federal Reserve Bank of Atlanta President Dennis Lockhart said. “The situation we face requires that the FOMC maintain a state of readiness to respond to financial or economic instability should the need arise,” he said.

via Fed’s Lockhart: More Economic Weakness May Call for Fresh Action – Real Time Economics – WSJ.

-This is nothing new from Lockhart. – Lee Adler

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