Richmond Fed’s Lacker on economic outlook for 2011
Jeffrey Lacker, the president of the Richmond Federal Reserve, on Friday said the outlook for the recovery in 2011 looked positive for the United States after a period of slow growth.
At the Risk Management Association, Lacker said: "I believe we have emerged from that soft patch and have begun a phase of the recovery in which growth can be sustained at an above-trend rate. That should help us make more rapid progress on our pressing economic challenges."
Lacker said that in the five quarters
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