WASHINGTON, Oct 19 (Reuters) – Atlanta Federal Reserve Bank President Dennis Lockhart said on Tuesday that further easing by the Fed has to be large enough to help boost demand ( demand for what ???) , and purchases of $100 billion of securities a month would be a possibility.
‘If we’re going to pursue another round of quantitative easing, it has to be a large enough number to make a difference,’ Lockhart said in an interview on CNBC.
‘As a monthly number ($100 billion) is fairly consistent with what we did before, and so I think it would certainly be in the range of numbers one might consider … but if you were talking about $100 billion as simply the overall program, I think that’s too small,’ he said.
(Reporting by Mark Felsenthal, Editing by Chizu Nomiyama) Keywords: USA FED/LOCKHART
(email@example.com; +1 202 898 8329; Reuters Messaging: firstname.lastname@example.org)
Copyright Thomson Reuters 2010. All rights reserved