U.S. Fed's Lockhart: jobs report doesn't alter December taper decision
MONTGOMERY, Alabama (Reuters) - The "encouraging" October jobs report does not fundamentally change the equation when Federal Reserve policymakers gather next month to decide whether to reduce the pace of their asset purchases, a top U.S. central banker predicted on Tuesday.
Atlanta Fed President Dennis Lockhart told reporters a so-called tapering of the quantitative easing program remains a possibility at the December 17-18 policy meeting.
He added officials could discuss reducing their threshold for an interest rate rise to an unemployment level of 6.0 percent from 6.5 percent currently. Lockhart is comfortable with 6.5 percent for now, he said.
(Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)
- Tweet this
- Share this
- Digg this
- Iran prosecutor gives government 30 days to block social media
- Islamic State closes in on Syrian town, refugees flood into Turkey
- Nationalist leader says Scots tricked out of independence
- Study asks whether artificial sweeteners may drive diabetes
- CORRECTED-UPDATE 3-Tens of thousands crowd New York streets for climate march
GROUP OF 20
The G20 leading nations say they are tantalisingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs, but Europe's extended stagnation remains a major stumbling block. Full Article
Top rice exporter India importing over 100,000 T on temporary supply squeeze. Full Article