Description
Dennis Lockhart (FOMC Voting Member) speech on the economic outlook to the Georgia Center for Nonprofits in Atlanta.

Highlights
Atlanta Fed President Dennis Lockhart took the middle ground this morning on Fed policy. He reiterated remarks from his January 9 speech. He stated that he did not want to be rigid in formulating his views on where policy should be headed. He sees the current steady but modest growth in the economy justifying no change in current accommodative policy. On the housing market, he noted that the continuing decline in prices indicates that this sector may not hit bottom yet.