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Lockhart Says Fed Still Far From Inflation And Jobs Goals

The Federal Reserve is still far from its inflation and employment goals, Atlanta Fed President Dennis Lockhart said on Friday, although he would not rule out potentially cutting back stimulus in December. Lockhart said stronger-than-expected U.S. job creation in October was encouraging but warned against reading too much into one month's data. "We are far from our mandated statutory goals. The economy remains weak," Lockhart said during a question-and-answer session.

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