FORT LAUDERDALE, Fla. — Atlanta Federal Reserve Bank President Dennis Lockhart Thursday maintained his belief that the problems afflicting the economy are more cyclical than structural, but that scaling back asset purchases should be considered "over the coming year."

Taking questions from the audience after a speech to business leaders in Ft. Lauderdale, Florida, Lockhart said the Fed's balance sheet has ballooned as a result of its effort to support the recovery, but that it is a tradeoff between a "short-term benefit to the economy" and "getting the patient well sooner," vs. "uncertain longer term concerns."

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