Matt Collins
07-20-2009, 01:30 PM
http://politics.nashvillepost.com/2009/07/20/federal-reserve-official-says-we-are-going-to-continue-to-print-money-like-there-is-no-tomorrow-for-the-foreseeable-future/
The U.S. central bank will unwind its dramatic monetary expansion when the time is right, but that exit is not imminent even though slow growth should resume in the second half of this year, a top Federal Reserve official said on Monday.
“The Fed has a number of tools being readied to unwind the policies used to fight the recession, and it will be some time before their use is appropriate,” Dennis Lockhart, president of the Atlanta Federal Reserve Bank, said.
Lockhart, in a speech to the Rotary Club of Nashville, said the economy appears to be stabilizing and downplayed the threat of inflation as a result of the Fed’s low interest-rate policy and other measures designed to stimulate the economy.
The U.S. central bank will unwind its dramatic monetary expansion when the time is right, but that exit is not imminent even though slow growth should resume in the second half of this year, a top Federal Reserve official said on Monday.
“The Fed has a number of tools being readied to unwind the policies used to fight the recession, and it will be some time before their use is appropriate,” Dennis Lockhart, president of the Atlanta Federal Reserve Bank, said.
Lockhart, in a speech to the Rotary Club of Nashville, said the economy appears to be stabilizing and downplayed the threat of inflation as a result of the Fed’s low interest-rate policy and other measures designed to stimulate the economy.