Dennis Lockhart

US economic recovery promises to be modest, Fed’s Lockhart estimates

January 12, 2010 - 9:39am | Analytics | News
US economic recovery promises to be modest, Fed’s Lockhart estimates

 

The U.S. economy is growing again but recovery will be moderated by a weak labor market and troubles in commercial real estate, Atlanta Federal Reserve Bank President Dennis Lockhart said.

  Speaking to the Rotary Club of Atlanta, Lockhart said inflation was not an immediate source of concern amid an expansion that would probably remain sluggish.


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