FED: Atlanta Fed Pres Lockhart
Lockhart (votes in FOMC in '12) gives speech making him a moderate who's hopeful about OT and can consider more ease. Sees 2011 as a disappointing yr - but sees slow growth and pickup, not contraction; sees inflation moderating. He's concerned about high unemployment. Says OT is meant to further ease fin'l conditions, should have modest positive impact. Concludes, "The decisions of last week's FOMC meeting should be taken neither as signaling further action on the part of the Fed nor conveying that 'we're done.' The direction of policy going forward will depend on how economic circumstances and the outlook evolve from here."