U.S. Fed member advocates more tightening despite poor jobs data

01/14/2014 | Reuters

Despite a deeply disappointing U.S. labor report for December, Atlanta Federal Reserve Bank President Dennis Lockhart said he favors a further paring of the Fed's bond-buying program. "If all goes as expected, there is a policy transition underway from a QE [quantitative easing] world, so to speak, to a post-QE world," Lockhart said, although he cautioned that "both the employment picture and the inflation state of affairs have worrisome aspects."

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