U.S. Fed's Lockhart: jobs report doesn't alter December taper decision

MONTGOMERY, Alabama Wed Nov 13, 2013 2:14am IST

Dennis Lockhart, President, Federal Reserve Bank of Atlanta at the Milken Institute Global Conference in Beverly Hills, California May 1, 2012. REUTERS/Danny Moloshok/Files

Dennis Lockhart, President, Federal Reserve Bank of Atlanta at the Milken Institute Global Conference in Beverly Hills, California May 1, 2012.

Credit: Reuters/Danny Moloshok/Files

Related Topics

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

School Shooting

School Shooting

Two killed, four wounded in Washington state school shooting.  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage