September/October 2011
Articles
- Atlanta Fed Economists and Analysts Post about Southeast in SouthPoint
- Podcast Explores the State of Multifamily Real Estate
- Atlanta Fed President Believes Current Fed Policy Actions Should Bring Modest Positive Impact
- Land Banks: One Tool for Housing Market Recovery
- Fed Gov. Raskin Speaks on Foreclosures and the Legal System
- Audio and Slides from Sept. 8 Fed Microfinance Call-in Session Now Online
- Join the Fed Call-in on Addressing the Credit Impacts of Foreclosure October 13
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Atlanta Fed President Believes Current Fed Policy Actions Should Bring Modest Positive Impact
In a September 27 speech to the World Affairs Council of Jacksonville, Federal Reserve Bank of Atlanta president Dennis Lockhart spoke about the maturity extension program adopted by the Federal Open Market Committee (FOMC) in mid-September. The program will sell $400 billion of short-maturity Treasury securities and buy longer-maturity ones by June 2012.
Lockhart said that the Fed's actions should be viewed together with other policy elements already in place as part of the larger effort to promote economic recovery. He believes the FOMC's actions will lower the cost of borrowing for both consumers and businesses, freeing up money for other uses.