Atlanta Federal Reserve Bank president Dennis Lockhart yesterday suggested that as far as he is concerned, the need to tighten monetary policy is far down the road and must await more convincing evidence that the private sector of the economy is reviving.

Lockhart, a voting member of the Fed’s policymaking Federal Open Market Committee, said that while the economy is “clearly” starting to bounce back, the recovery is uncertain, vulnerable, and still dependent upon government support.

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