"I am not prepared to say we are remotely close to substantial improvement on the employment front"
- Dennis P. Lockhart, president of the Federal Reserve Bank of Atlanta
"I am not prepared to say we are remotely close to substantial improvement on the employment front," Dennis P. Lockhart, president of the Federal Reserve Bank of Atlanta, said in a recent speech. "I expect that continued aggressive use of balance sheet monetary tools will be appropriate and justified by economic conditions for some time, even if fiscal cliff issues are properly addressed."
"The Fed would not have emphasized the number ‘$85 billion' in securities purchases in its statement if it wasn't prepared to continue at that pace well beyond the end of the year," said Roberto Perli, a senior managing director at investment research firm ISI.
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