Description
Atlanta Federal Reserve Bank Pres. Dennis Lockhart (FOMC Voting Member) speaks to the Latin American Chamber of Commerce and World Affairs Council, in Atlanta, and after will answer questions from the audience and the media.

Highlights
Atlanta Fed President Dennis Lockhart in a speech today kept further monetary ease in the "iffy" column. He noted that it is still appropriate to keep the fed funds rate exceptionally low through 2014. However, he stated that it is not appropriate to use monetary policy too aggressively without fiscal reform. He views recent economic data as firmer. Repeating earlier positions, he says it is appropriate to weigh costs and benefits of any additional stimulus. Essentially, Lockhart is keeping options open but does not appear to be leaning toward new policy moves.