Atlanta Fed president weighs further policy action


The president of the Federal Reserve Bank of Atlanta, Dennis Lockhart, spoke on July 13 about the possibility of further monetary stimulus by the Fed, giving an overview of the output gap, balance sheet risks and effectiveness of transmission.

Delivering a speech to the Mississippi Economic Council, Lockhart argued that there was still slack in the economy, and described the risks associated with further expanding the Fed's balance sheet as "manageable". However, he said stimulus through the

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