Fed's Lacker sees non-inflationary growth pace

Reuters reports:

Richmond
Federal Reserve Bank President Jeffrey Lacker on Wednesday said the U.S. economy would likely grow about 3.5 percent next year, a pace he said was consistent with stable inflation.


"I don't think 3.5 percent growth is inconsistent with inflation not accelerating," Lacker told reporters after speaking to a business luncheon, adding that he thought U.S. business productivity would likely advance somewhere in the 2.5 percent to 2.75 percent range.

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