Fed's Lockhart: $10 billion taper is 'default mode'

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Fed's Lockhart: $10 billion taper is 'default mode'

Fed's Lockhart: $10 billion taper is 'default mode'
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Fed's Lockhart: $10 billion taper is 'default mode'

by CNBC Videos 1:57 mins

CNBC's Steve Liesman reports Atlanta Fed president Dennis Lockhart says the $10 billion Fed taper, per Fed meeting, is the default mode for the Federal Reserve. Lockhart also stated the U.S. stock market may have gotten ahead of itself.

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