Fed's Lockhart cautious on 2014 U.S. growth
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.
- Obama unveils U.S. immigration reform, setting up fight with Republicans |
- More arrests as protesters await Ferguson grand jury decision
- Exclusive: U.S. increasing non-lethal military aid to Ukraine
- Henrik Fisker is back with a souped up Mustang
- Russia warns U.S. against arms to Ukraine as Biden due in Kiev