OXFORD, Miss. - Atlanta Federal Reserve Bank President Dennis Lockhart Friday called the October jobs report positive, but said proof of an entrenched jobs recovery would be needed for the Fed to begin to consider dialing back its $85 billion a month in asset purchases.

Speaking to reporters after a speech in Oxford, Mississippi, Lockhart also said he would be willing to consider such a move at the December meeting of the Federal Open Market Committee. Lockhart is not a voter until 2015.

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