Salient to Investors:
FRB of Atlanta President Dennis Lockhart said:
- Continued aggressive use of balance sheet monetary tools will be justified for some time even if fiscal cliff issues are properly addressed.
- We are not remotely close to substantial improvement on the employment front.
- We will have to begin to tighten before we get to full employment.
- There is a disproportionate share of part-time jobs reflected in the overall employment gains.