Fed Big Says Decision on More Stimulus is 'Close Call'

TheStreet reports that a voting member of the Federal Reserve's policy-setting committee expressed doubt Saturday about the effectiveness of further monetary stimulus.

“It's a close call" on whether the central bank should provide further stimulus to the economy, said Federal Reserve Bank of Atlanta President Dennis Lockhart, according to a report posted on The Wall Street Journal's Web site.  Lockhart reportedly said that current uncertainty over the nation's fiscal policy -- including the so-called "fiscal cliff" -- would mute the impact of further monetary stimulus. The bank official added that the European debt crisis was another factor creating economic uncertainty.

Read more at http://www.thestreet.com/story/11682677/1/fed-official-says-providing-more-stimulus-is-close-call-report.html?cm_ven=GOOGLEN