WASHINGTON — The Federal Open Market Committee was correct to delay the beginning of tapering considering the risks posed by the government shutdown and the default threat, and the question of when to begin to pare back purchases may be a top topic at the Fed into the spring, Atlanta Federal Reserve Bank President Dennis Lockhart told CNBC Friday morning.

The Capitol Hill paralysis while government shut as the debt limit impasse grew more serious was "event risk" that "may be with us again in January," Lockhart said. The gathering crisis was a factor, he said, in the decision in the September FOMC meeting to put off tapering. Current government funding runs out Jan. 15.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.