There is not yet a clear cut case for the need for more monetary easing, Atlanta Federal Reserve Bank President Dennis Lockhart said Monday
"I don't think any of the options should be taken off the table under current circumstances
But I am not convinced at this moment that the circumstances quite yet call for additional action," Lockhart said in remarks to reporters after a speech in Chicago, according to Reuters Lockhart is a voting member this year and his views are watched closely as he is considered one of the more pragmatic central bank policymakers
Several Fed officials, including Fed Vice Chair Janet Yellen, said the downside risks facing the outlook put a discussion of more policy action on the table for the Fed's June 19 and 20 meeting
Last week, Fed chairman Ben Bernanke declined to be drawn into specifics over the debate on whether another round of asset purchases, or quantitative easing, would be necessary, saying only that the central question for policymakers would be whether growth would be strong enough to bring down the unemployment rate
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