Despite signs of improvement, it’s too soon to “breathe easy” as the economy remains at risk, with much uncertainty lagging, Dennis P. Lockhart, president of the Federal Reserve Bank of Atlanta, said yesterday.

He cited challenges that have arisen since August, according to prepared text of a speech, but told the Jacksonville Regional Chamber of Commerce: “The last few weeks have had the feel — for me personally and I think many in the business and financial community — of coming up for air.”

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