US outlook tilts negative, says Fed’s Lockhart

The US Federal Reserve Bank is committed to healing the economy by any means in its power, and may yet be called upon to reach into its toolbox once more. Dennis Lockhart, president and CEO of the Atlanta Federal Reserve Bank and a member of the Federal Open Market Committee (FOMC), spoke in Hong Kong last night about the risk of Europe to the US recovery. He outlined the pragmatic nature of the Fed's decisions since the 2008 crisis, emphasising that the central bank will keep a…