Fed's Lockhart cautious on 2014 U.S. growth

MONTGOMERY, Alabama Tue Nov 12, 2013 2:29pm EST

Dennis Lockhart, President, Federal Reserve Bank of Atlanta, takes part in a panel discussion titled ''Twist and Shout: The Limits of U.S. Monetary Policy'' at the Milken Institute Global Conference in Beverly Hills, California May 1, 2012. REUTERS/Danny Moloshok

Dennis Lockhart, President, Federal Reserve Bank of Atlanta, takes part in a panel discussion titled ''Twist and Shout: The Limits of U.S. Monetary Policy'' at the Milken Institute Global Conference in Beverly Hills, California May 1, 2012.

Credit: Reuters/Danny Moloshok

MONTGOMERY, Alabama (Reuters) - A top Federal Reserve official said on Tuesday he is very cautious about his expectation of a pick-up next year in economic growth because forecasts have proven wrong the last few years, and recent data is "somewhat mixed."

We've "seen this movie before," Atlanta Fed President Dennis Lockhart told an economic forum, adding he is expecting 2.5 to 3 percent gross domestic product growth next year.

(Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)

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