FORT LAUDERDALE, Fla. - Atlanta Federal Reserve Bank President Dennis Lockhart Thursday said he believes it is now appropriate for monetary policymakers to begin considering dialing back the Fed's large scale asset purchases in coming meetings, but stressed that his support for tapering is contingent on continued "positive" evidence of progress and an absence of threats to the recovery on the horizon.

In remarks prepared for the Broward Workshop in Ft. Lauderdale, Fla., Lockhart also identified himself as one of those at the October meeting of the Federal Open Market Committee who supported unveiling a timetable for winding down the $85 billion a month in bond purchases - once the decision to begin tapering has been made.

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