Atlanta Federal Reserve Bank President Dennis Lockhart Thursday said it is a “close call” on whether the sluggish U.S. economic recovery is in need of more support from the Fed, but said he believes additional stimulus would have a positive, albeit limited, effect. “I continue to believe that we could see some benefit — but limited benefit — for limited risk, and I think manageable costs over the longer term,” Lockhart said in an interview on CNBC. “I’m not overly concerned with the longer term costs of more action but at the same time I see limited benefit from more action,” he added. Lockhart is a voter on the ... (full story)