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
- Obama signs order expanding U.S. Afghanistan role - NY Times
- China building South China Sea island big enough for airstrip - report
- Obama to be chief guest at Republic Day celebrations
- Long "to do" list for Modi as clock ticks on reform
- European Parliament may propose Google break-up in draft resolution
Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15 fiscal deficit target without cuts. Article