Doing Same Thing Expecting Different Result?

Bloomberg - Lockhart Says Need for More Fed Easing Not Foregone Conclusion - Federal Reserve Bank of Atlanta President Dennis Lockhart said policy makers haven’t agreed on whether to begin a new program of buying Treasuries, and the need for further monetary easing isn’t clear. “For me, personally, it is not a foregone conclusion that more accommodation is required,” he told reporters after a speech yesterday in Sewanee, Tennessee. “I am not yet of a firm mind of what exactly that problem is, and for that reason I’m not yet committed to a particular course of action that might involve further accommodation.” Policy makers said after a meeting on Sept. 21 that too-low inflation and sluggish growth may warrant a second round of unconventional easing. Fed officials “must come to grips” in the coming weeks “with the question of whether there is anything they can do to improve the situation in the economy and, if so, what that action should be,” Lockhart said in his speech about the Federal Open Market Committee’s decision. Read more here:

Doing Same Thing Expecting Different Result?