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.

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