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
Prime Minister Narendra Modi came to office with a reputation as a business-friendly leader ready to open up one of the world's biggest markets and sweep away the remnants of the country's socialist past. Full Article