Federal Reserve Bank of Atlanta President Dennis Lockhart, a backer of record stimulus, said any decision to taper bond purchases should be accompanied by a limit on the size of the program or a timetable for ending it. “If and when the FOMC arrives at a decision to wind down asset purchases, it’s my view that it will be helpful to the transition process to provide as much certainty as possible about how this will be done,” said Lockhart, referring to the Federal Open Market Committee, in a speech in Fort Lauderdale, Florida. He doesn’t vote on policy this year. Lockhart’s view differs from the FOMC’s current policy ... (full story)