8:25 AM » Fed's Lockhart: Taper on table in December
WASHINGTON (MarketWatch) -- Consideration of whether to pull-back from the pace of asset purchases should be "on the table" in December and at other upcoming Federal Reserve policy meetings, said Dennis Lockhart, the president of the Atlanta Federal Reserve Bank on Thursday. "In my assessment, the trajectory of recovery-the outlook for the economy-justifies consideration of such a move," Lockhart said in a speech in Fort Lauderdale, Florida. Lockhart was careful not to say whether he supported a move to taper at the next meeting on Dec. 17-18. In making up his mind on a taper, Lockhart said he would be "looking for positive evidence of momentum as well as the absence or retreat of factors that could restrain or even torpedo progress." The Atlanta Fed president said market expectations that the asset purchase program will be wound down over the coming year were "reasonable."