• Fed's Lockhart: Economy stuck in the slow growth

Market news

1 November 2012

Fed's Lockhart: Economy stuck in the slow growth

  • Inflation is and will remain about the Fed's target of 2%

  • Consumer activity is growing at a moderate pace

  • Housing sector is showing signs of improvement

  • I want to see a drop in unemployment, an increase in the labor force

  • The labor market can not be assessed only on the basis of a single indicator

  • The labor market is difficult to measure

  • The Fed wants to see a substantial improvement in the labor market

  • Monetary policy is "very soft"

  • Fed policy - is "an aggressive attack" on the weakness in the labor market

  • Fed stimulus aims to put the economy on a sound footing

  • Expect to see a "modest" growth, the gradual increase in employment


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