OXFORD, Miss. — Atlanta Federal Reserve Bank President Dennis Lockhart Friday offered up a cautiously positive outlook for 2014, with concern about the fiscal drag and how that will impact consumer spending, and he called for monetary policy to remain very accommodative "for quite some time."

In remarks prepared for a banking symposium, Lockhart lauded the Fed's current policy combination of forward guidance on interest rates and its $85 billion a month in asset purchases, but said it might be "appropriate" to adjust that mix going forward.

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